[ad_1]
TOKYO, March 15 (Reuters) – Japanese government bonds weakened slightly on Friday after recent rises, with little response to the Bank of Japan's decision to reduce its economic valuation while keeping its policy in abeyance.
Although investors' purchases at the end of the Japanese fiscal year on March 31 underperformed the market, its advance was dampened by a decline in US bonds and a strengthening of the equity market.
Some market players are waiting for BOJ Governor Haruhiko Kuroda to show more clearly that the central bank is ready to further soften the policy at its press conference at 0630 GMT.
Nevertheless, it is unlikely that such fictitious services would have a significant impact on the bond market, as the BoJ gradually reduced its bond purchases, fearing to cause a shortage of bonds for investors.
The ten-year JGB futures contracts fell 0.04 point to 152.80.
The yield on the 10-year JGB rose 0.5 basis points to minus 0.040%.
The 20-year JGB yield rose 0.5 basis points to 0.395%, after reaching 0.385% the two-year low the day before.
The 30-year JGB yield rose 0.5 basis points to 0.570% from 0.560% at its lowest level on Thursday, its lowest level since the end of 2016. (Tokyo Market Team Report; Subhranshu Sahu edition)
Source link
