May 9, 2018 / 3:51 AM / a year ago

JGBs little changed as retreat by Treasuries neutralises BOJ's bond buying

TOKYO, May 9 (Reuters) - Japanese government bond prices were little changed across the board on Wednesday, as a retreat by U.S. Treasuries neutralised support from the Bank of Japan’s regular debt-buying operation.

The five-year JGB yield rose half a basis point to minus 0.105 percent.

The 10-year and 20-year yields were unchanged at 0.045 percent and 0.525 percent, respectively.

Treasury prices fell and the benchmark 10-year yield climbed towards the 3 percent threshold as crude oil prices rallied to a 3-1/2-year high after the U.S. abandoned an international nuclear deal with Iran, likely curbing the OPEC-member’s crude exports in an already tight market.

The BOJ on Wednesday offered to buy 1.03 trillion yen ($9.41 billion) of one- to 10-year JGBs as part of its regular debt-purchasing scheme. ($1 = 109.4700 yen) (Reporting by the Tokyo markets team; Editing by Sunil Nair)

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