By TOKYO, Feb 3 Reuters Benchmark 10year government bond yields were little changed on Wednesday after Bank of Japan Deputy Governor Masazumi Wakatabe offered few hints on what the central bank will do with its planned review of its stimulus next month.
Wakatabe said the BOJs review in March will focus on making its tools sustainable, effective and nimble, but stopped short of discussing any details, leading to a muted response from the market.
While a strong auction for the 10year tenor the previous day underpinned the market sentiment, rise in both global and domestic share prices dented the safe haven attraction of JGBs.
The 30year government bond yields were also flat ahead of an auction on Thursday by the Ministry of Finance.
Benchmark 10year JGB yield was flat at 0.050, while the 10year JGB futures fell 0.01 point to 151.74.
The 20year JGB yield fell 0.5 basis point to 0.465.
The twoyear JGB yield fell 0.5 basis point to minus 0.130 and the fiveyear yield fell 0.5 basis point to minus 0.110.
The 40year JGB yield fell 0.5 basis point to 0.705.
Reporting by Tokyo markets team; Editing by Shounak Dasgupta
Source Reuters
