TOKYO, Aug 5 (IFR) - Japanese government bond prices were
narrowly mixed on Tuesday, ahead of a 10-year bond auction later
in the day, though demand is expected to be firm as the Bank of
Japan has already soaked up a huge amount of that issue.
Ten-year JGB futures rose 0.02 point in price to 146.01
while the current 10-year cash bond yield stood flat at
0.525 percent. The 20-year yield rose 0.5 basis
point to 1.390 percent.
The Ministry of Finance will issue 2.4 trillion yen of
10-year bonds by reopening the current issue with a 0.6 percent
As central bank data on Tuesday shows the BOJ already
holding 2.63 trillion yen, or more than 50 percent of the
existing amount of that issue, traders expect the auction to
attract solid bids.
(Reporting by Masatsugu Hisatsune; Editing by Jacqueline Wong)