JGBs little changed, eyes on 40-year auction

Mon May 26, 2014 11:01pm EDT

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TOKYO, May 27 (IFR) - Japanese government prices were little changed in thin trade on Tuesday morning with immediate focus on the 40-year JGB auction later in the day.

The 10-year cash JGB yield ticked up 0.5 basis point to 0.590 percent while the 20-year yield stood flat at 1.445 percent. Other benchmark maturities were untraded so far.

The Ministry of Finance offered 400 billion yen ($3.93 billion) of 40-year bonds in a Dutch auction. The results will be announced at 12:45 p.m. (0345 GMT).

($1 = 101.8750 Japanese Yen) (Reporting by Masatsugu Hisatsune; Editing by Eric Meijer)

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