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TOKYO, Feb 22 (Reuters) – Japanese bond prices rose slightly on Friday after the Bank of Japan conducted a regular debt purchase operation.
The 10-year JGB yield dropped by half a basis point to minus 0.050%.
The 20-year yield declined 1 basis point to 0.390%, its lowest level since November 2016.
The BOJ has proposed Friday to buy 660 billion yen of JGB from 5 to 40 years old. The central bank regularly buys JGBs from the market as part of its yield curve control system.
Longer-dated JGBs rallied for much of the week and their returns declined as investors continued to demand a good year-end in March.
JGB bonds, such as 20- and 30-year bonds, also attracted bids, as they still offer returns above zero when the 10-year benchmark return has become significantly negative.
The bond market reacted little to data showing that Japanese core consumer inflation rose 0.8% in January from the previous year, as results were in line with expectations. (Report by the Tokyo Market Team, edited by Shreejay Sinha)
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