TOKYO, Feb 6 (IFR) - Japanese government bonds eased in
morning trade on Thursday in thin trading ahead of a 30-year
auction later in the day.
Cash activity was limited to transactions among dealers
ahead of the monthly 30-year JGB auction, for which the Ministry
of Finance will re-open the current issue number 41 for the
regular settlement date.
The ministry will offer 500 billion yen ($4.94 billion)
worth of 30-year JGBs this month, less than last month's 600
billion yen, as there is also a quarterly 40-year JGB auction
In the morning, several dealers sold the current 20-year
JGBs short for hedging purposes, before buying the new 30-year
JGBs in the auction.
Yields on the current 10-year, 20-year
, and 40-year JGBs all rose one basis point on the
day to 0.605 percent, 1.420 percent, and 1.625 percent,
respectively, while the yield on the current 30-year JGB added
0.5 basis point to 1.585 percent.
Lead March JGB futures moved in a 144.76-144.85
range before finishing midday down 0.10 point at 144.78.