JGBs have changed little, long-term yields fall after the ECB

TOKYO, Sept. 10 (Reuters) – Most Japanese government bond prices were little changed on Friday, but the dovish stance of the European Central Bank helped support the longer end of the market, lowering their yields.

European bond yields fell after the European Central Bank (ECB) said it would cut its emergency bond purchases one notch, but stressed that the move was not a slowdown.

December benchmark 10-year JGB futures fell 0.01 points to 151.82.

In the spot bond market, the 10-year JGB yield increased 0.5 basis points to 0.040% while the 20-year yield remained stable at 0.425%.

The 30-year JGB yield fell 0.5 basis point to 0.650% while the 40-year JGB yield fell 1 basis point to 0.725%.