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JGB yields mixed as BOJ keeps bond purchase offers unchanged
Japanese government bond (JGB) yields were mixed on Tuesday as the Bank of Japan (BOJ) left bond purchase offers unchanged, shifting the focus to the central bank’s summary of opinions due later this week. While some market participants believed the BOJ could reduce purchase offers in the morning, the regularly scheduled bond purchase operation passed without incident, supporting bond buying. The 10-year JGB yield fell 3 basis points (bps) to 0.870%, while the benchmark 10-year futures edged up 0.37 yen to 144.66 yen. Bond yields move inversely to prices. Investors remain cautious, however, ahead of Thursday’s ... (full story)