TOKYO, Feb 14 (IFR) - Japanese government bond prices were mostly higher on Friday, tracking gains in U.S. Treasuries, although an auction of five-year debt weighed slightly on midterm maturities.
U.S. Treasury debt prices advanced on Thursday after two days of losses as weaker-than expected economic data rekindled the view that the Federal Reserve could pause in reducing its asset purchases.
Lead March 10-year JGB futures were up 0.03 point at 144.93 at midday. The 20-year JGB yield fell 1.5 basis points to 1.440 percent, while the five-year yield edged up 0.5 basis point to 0.190 percent.
The Ministry of Finance set the coupon for the new five-year JGBs it offered on Friday at 0.2 percent, unchanged from the previous auction of the maturity the previous month.
Traders expect the 2.7 trillion yen ($26 billion) of five-years to draw ample demand from investors.