October 10, 2018 / 6:24 AM / a month ago

Longer-dated JGBs rise tracking U.S. Treasuries

TOKYO, Oct 10 (Reuters) - Longer-dated Japanese government bond prices firmed on Wednesday, tracking gains in U.S. Treasuries with U.S. yields coming off multi-year highs.

The December 10-year JGB futures closed 0.04 point higher at 150.05, with a trading volume of 16,126 lots.

The yield on the benchmark 10-year JGB slipped 0.5 basis point to 0.150 percent, off a 2-1/2-year high of 0.155 percent last hit on Tuesday.

The 20-year JGB yield and the 30-year JGB yield both lost half a basis point to 0.680 and 0.940 percent, respectively.

The five-year JGB yield was flat at minus 0.065 percent.

The 40-year JGBs and two-year JGBs were untraded.

The Bank of Japan offered to buy government bonds with more than five to 10 years to maturity at its regular debt-purchasing operation on Wednesday, leaving the offer amounts unchanged from its previous operation.

Many market players expect the BOJ to avoid trying to keep a tab on rising yields until the 10-year JGB yield nears 0.200 percent.

U.S. long-dated Treasuries gained on Tuesday, as investors took a respite from selling bonds that took yields to multi-year highs following recent economic data and on interest rate prospects over the next year and a half. ($1 = 113.0100 yen) (Reporting by the Tokyo markets team, Editing by Subhranshu Sahu)

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