TOKYO: Japan’s 10-year government bond (JGB) yield stayed at the top of its central bank’s target on Monday, where it has been perched for more than a week, while yields on most other notes were also little changed over lack of market-moving cues.
The 10-year JGB yield has been flat at 0.250% since Nov. 25, as the central bank has persisted with its daily offers to buy unlimited amounts of bonds with the same maturity.
The 20-year JGB yield rose 0.5 basis point to 1.100% and the 30-year JGB yield was flat at 1.490% ahead of an auction for bonds with the same maturity in the next session.
Gen Taniguchi, Mizuho Securities market analyst, said declines in yields on super-long ends could be limited ahead of the auction.
JGB yields track US Treasury peers lower
The 40-year JGB yield was flat at 1.755%.
The two-year JGB yield was flat at -0.030%, and the five-year yield rose 0.5 basis point to 0.110%. Benchmark 10-year JGB futures fell 11 yen to 148.83, with a trading volume of 8,165 lots.
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