JGBs track Treasuries, yields inch higher as new US supply looms
TOKYO, (IFR) - Japanese government bonds tracked U.S. Treasuries on Wednesday, with yields inching higher in subdued trading.
A regular JGB buying operation by the Bank of Japan, part of its massive quantitative easing program and targeting longer-dated bonds helped limit the rise in yields.
The benchmark 10-year yield edged up half a basis point to 0.510 percent and the 20-year yield also rose by the same amount to 1.365 percent.
September 10-year JGB futures dipped 0.01 point to 146.11.
U.S. Treasury debt yields rose on Tuesday as traders sold some bond holdings in advance of a combined $40 billion in longer-dated supply. (Reporting by Masatsugu Hisatsune)