JGB Yields Drift Higher after Weak BOJ Buying Operation

TOKYO, Dec 25 Reuters Yields on some Japanese government bond futures drifted higher on Friday in holidaythinned trade after weak results from a Bank of Japan debt buying operation pushed down futures prices.

Yields were also supported by a sense of relief after Britain and the European Union agreed a free trade deal, averting economic turmoil at the years end the deadline for Brexit.

Benchmark 10year JGB futures fell 0.03 point to 151.95, with trading volume of 8,156 lots.

The 10year JGB yield fell 0.5 basis point to 0.010. The 20year JGB yield rose 0.5 basis point to 0.390.

The 30year JGB yield climbed 0.5 basis point to 0.625, but the 40year JGB yield held steady at 0.665.

At the middle of the yield curve, the fiveyear yield rose 0.5 basis point to minus 0.115.

At the short end, the twoyear JGB yield was flat at minus 0.130.

Reporting by the Tokyo markets team Editing by Shri Navaratnam

Source Reuters

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