TOKYO: Long-term Japanese government bond yields eased on Wednesday in thin trading ahead of the new year holidays, as the Nikkei weakened.
The 10-year JGB yield and the 20-year yield fell 0.5 basis point each to 0.055% and 0.465% respectively.
Benchmark 10-year JGB futures barely moved at 151.85, with a trading volume of 9,405 lots.
The 30-year yield was flat at 0.680%.
"Weakness in Japanese stocks is supporting the market, but at the same time, auctions of 10- and 30-year bonds next week are a weight," said Katsutoshi Inadome, senior bond strategist at Mitsubishi UFJ Morgan Stanley Securities.
"But basically the market feels like it's just drifting ahead of the new year."
Benchmark two-year and five-year JGBs didn't trade, and last yielded minus 0.100% and minus 0.085%, respectively.
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