TOKYO, Nov 17 (Businesshala) – The yield on Japan’s 10-year government bond ended flat on Wednesday as investors reacted less to the marginally weaker result of Bank of Japan’s bond-buying operations.
Markets also curtailed growth in US Treasury yields overnight after strong retail sales data.
The 10-year JGB yield was flat at 0.070%.
US Treasury and benchmark 10-year note yields rose as high as 1.646% in early Asia, hitting a three-week high.
Yields on longer-term notes rose, with the 20-year JGB yield rising 0.5 basis points to 0.470% ahead of the auction for debt of the same maturity on Thursday.
The 30-year JGB yield also rose 0.5 basis point to 0.680% and the 40-year JGB yield rose one basis point to 0.730%.
The two-year JGB yield was flat at minus 0.125% and the five-year yield fell 0.5 basis points to minus 0.085%. Benchmark 10-year JGB futures fell 0.04 points to 151.62 with a business turnover of 17,078 lots. (Reporting by Tokyo Markets team)