June 13, 2014 / 2:25 AM / 3 years ago

JGBs supported on Iraq, 30-year bonds outperform

TOKYO, June 13 (Reuters) - Japanese government bond prices were mostly higher on Friday, after concerns over the crisis in Iraq boosted U.S. bond prices, with some investors rotating to 30-year maturities from the 10-year zone, as they awaited the outcome of a Bank of Japan policy meeting.

The market expects the BOJ to maintain its policy at its two-day policy meeting ending later in the day.

The 30-year bond yield fell 2.0 basis points to 1.670 percent, while the 10-year cash bond yield rose 0.5 basis point to 0.600 percent.

The 10-year JGB futures price ended morning trade flat at 145.24. (Reporting by Masatsugu Hisatsune; Editing by Simon Cameron-Moore)

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