TOKYO, June 15 (Reuters) - Japanese government bond prices were steady to slightly firmer on Friday as investors placed bids after they saw limited rise in yields following policy reviews of the world’s three major central banks.
Some investors had been cautious about buying ahead of policy reviews by the Federal Reserve and the European Central Bank, given they have been looking to wind back their accommodative policy stance.
But the ECB struck a dovish tone, signalling that any interest rate hike is still distant, even as it announced its bond buying programme will end by the end of the year.
The BOJ kept its policy on hold as expected.
The September 10-year JGB futures rose 0.01 point to 150.77, with a trading volume of 31,867 lots.
The benchmark 10-year cash JGB yield was flat at 0.035 percent while the 20-year JGB yield fell 0.5 basis point to 0.505 percent.
The 30-year yield fell 0.5 basis point to 0.715 percent and the 40-year JGB yield fell 0.5 basis point to 0.870 percent. (Reporting by Tokyo Markets Team; Editing by Sunil Nair)