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JGB Yields fall on Strong Results of BOJ Buying Operation

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TOKYO, July 7 Reuters Japanese government bond yields fell on Wednesday, tracking U.S. treasury yields, as the market witnessed strong results of the Bank of Japans bond buying operation.

The 10year JGB yield fell one basis point to 0.030, and the 20year JGB yield fell 0.5 basis point to 0.410.

The BOJ said it offered to buy 450 billion yen 4.07 billion worth of bonds with a maturity of onetothree years, and 425 billion yen worth of bonds with a fivetoten year maturity as well as 30 billion yen worth of floating rate bonds.

Yields on the longer maturity were unchanged, with the 30year JGB yield flat at 0.670 and the 40year JGB yield was unchanged at 0.740.

The twoyear JGB yield was unchanged at minus 0.115.

The fiveyear yield fell 0.5 basis point to minus 0.115.

Benchmark 10year JGB futures rose 0.19 point to 152.2, with a trading volume of 24,279 lots.

1 110.6500 yen

Reporting by Tokyo markets team; Editing by Amy Caren Daniel

Source Reuters

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