JGBs mostly rise

Japanese government bond prices mostly rose on Friday on growing hopes the Bank of Japan would eventually follow the US Federal Reserve's latest easing steps with some stimulus action of its own. The 10-year JGB futures contract for December ended up 0.27 point at 143.87 after rising as high as 143.91 in the morning session. The yield on the benchmark 10-year cash bond slipped 2.5 basis points to 0.800 percent after dropping as low as 0.795 percent.
The superlong sector lagged, with 20-year bond yield falling 1 basis point to 1.660 percent and the 30-year yield flat at 1.905 percent.