October 3, 2018 / 5:08 AM / 8 months ago

Longer-dated JGBs gain tracking U.S. Treasuries

TOKYO, Oct 3 (Reuters) - Longer-dated Japanese government bond prices gained on Wednesday, tracking gains in U.S. Treasuries.

The December 10-year JGB futures contract rose 0.06 point to 150.20, while the yield on benchmark cash 10-year JGBs was flat at 0.135 percent.

The 20-year JGB yield and the 30-year JGB yield both dipped 0.5 basis point to 0.650 and 0.910 percent, respectively.

The 40-year yield shed half a basis point to 1.075 percent.

The five-year JGB yield was flat at minus 0.070 percent, while two-year JGB yield climbed 0.5 basis point to minus 0.115 percent.

The Bank of Japan offered to buy one- to 10-year JGBs at its regular debt-purchasing operation on Wednesday, leaving the offer amounts unchanged from its previous operation.

U.S. Treasury prices rose on Tuesday after an Italian lawmaker cast doubt over Italy’s membership in the euro, resulting in a sell-off in Italian government debt which sent investors seeking safe-haven bets. (Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)

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