TOKYO, May 28 (Reuters) - Japanese government bond prices mostly ticked lower on Thursday on profit-taking, though short-term paper firmed after solid results in a two-year JGB auction.
The 10-year cash Japanese government bond yield rose 1.0 basis point to 0.395 percent while the 20-year JGB yield increased 3.5 basis point to 1.215 percent .
The move is a reversal of yield falls on Wednesday, when expectations of month-end buying by pension funds supported the market.
Still, the shorter end of the market was firmer, with the two-year yield falling 1.5 basis points to minus 0.020 percent , hitting a one-month low.
The price of 10-year JGB futures, which reflects the cheapest-to-deliver seven-year sector, were down 0.01 point at 147.58.
Reporting by Tokyo Markets Team; Editing by Kim Coghill