June 6, 2018 / 6:34 AM / 6 months ago

JGBs mostly flat, but super-longs dip ahead of auction

FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration

TOKYO (Reuters) - Japanese government bonds were little changed on Wednesday, but bonds with more than 10 years to maturity dipped as brokerages sought concession ahead of an auction.

The Ministry of Finance will hold a liquidity-enhancing auction on Thursday, where it will make an offer of existing JGBs with 15.5 years to 39 years to maturity, totaling 500 billion yen ($4.55 billion).

Ten-year JGB futures 2JGBv1 fell 0.01 point to 150.83, with a trading volume of 26,295 lots, while the 10-year cash JGB yield JP10YTN=JBTC was flat at 0.045 percent.

The 20-year JGB yield JP20YTN=JBTC rose 0.5 basis point to 0.520 percent, while the 30-year JGB yield JP30YTN=JBTC rose 1 basis point to 0.730 percent.

The five-year JGB yield JP5YTN=JBTC was flat at minus 0.105 percent.

Reporting by Tokyo Markets Team, Editing by Sherry Jacob-Phillips

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