TOKYO, April 15 (IFR) - Japanese government bond prices were
little changed on Tuesday, erasing small earlier losses after an
auction of five-year JGBs drew solid bids.
The 10-year JGB futures ticked up 0.04 point to 145.09
, coming back from the day's low of 144.99.
The auction of 2.7 trillion yen ($26.5 billion) in five-year
JGBs drew bids 4.67 times the offer, the highest bid-to-cover in
The new bonds fetched the lowest accepted price of 100.04,
slightly above market expectation of 100.03, for a high yield of
The 10-year cash JGB yield stood at 0.605 percent
, up 0.5 basis point from Monday.
($1 = 101.8500 Japanese Yen)
(Reporting by Masatsugu Hisatsune; Editing by Eric Meijer)