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 holiday-thinned 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 year’s end – the deadline for Brexit.

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

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

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

At the middle of the yield curve, the five-year yield rose 0.5 basis point to minus 0.115%.

At the short end, the two-year JGB yield was flat at minus 0.130%.

(Reporting by the Tokyo markets team Editing by Shri Navaratnam)

Source: Reuters

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