June 13, 2018 / 5:18 AM / 8 days ago

JGBs little changed, string of central bank meetings awaited

TOKYO, June 13 (Reuters) - Japanese government bond prices were little changed on Wednesday, as a wait-and-see mood prevailed ahead of a series of policy meetings by the world’s largest central banks which could dictate the direction of the broader debt markets.

The Federal Reserve concludes its two-day policy meeting later on Wednesday, at which it is widely expected to raise rates for the second time this year.

The European Central Bank makes a policy decision on Thursday amid speculation that it could signal its intention to start unwinding its massive bond purchasing program.

Bank of Japan policymakers also meet on Friday and they are seen reiterating their commitment to easy monetary policy.

The five-year yield was flat at minus 0.105 percent while the 30-year yield inched up half a basis point to 0.730 percent.

September 10-year JGB futures last traded at 150.59, unchanged on the day. (Reporting by the Tokyo markets team; Editing by Amrutha Gayathri)

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