Japan's 10-year bond yield stays at top of BOJ ceiling

Reuters
·1 min read

TOKYO, Dec 5 (Reuters) - 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.

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.

(Reporting by Junko Fujita and Tokyo markets team Editing by Vinay Dwivedi)