TOKYO May 24 Japanese government bond prices
eased on Wednesday after the Bank of Japan's bond buying
operation attracted stronger-than-expected selling interest.
The BOJ's purchase of 280 billion yen ($2.50 billion) JGBs
with one to three years of maturity drew selling of 1.2807
trillion yen ($11.45 billion), the highest for those tenors
since late April.
Its buying of 300 billion yen in three to five-year JGBs
also invited offers of 1.1289 trillion yen, the biggest since
The results underscored lingering selling pressure in those
maturities, lifting their yields.
The five-year JGB yield rose 1.0 basis point to minus 0.115
percent, edging near last week's peak of minus
0.105 percent, which was its highest since March.
The two-year yield rose 1.0 basis point to minus 0.160
Yields on longer maturities rose slightly less, with the
10-year yield gaining 0.5 basis point to 0.045 percent
The price of 10-year JGB futures fell 0.05 point to
($1 = 111.90 yen)
(Reporting by Tokyo Markets Team; Editing by Subhranshu Sahu)