The Japanese government bonds traded flat at the start of the trading week Monday as investors wait to watch the country’s 30-year auction, scheduled to be held on August 8 amid a silent week that will witness no data of any economic significance.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, hovered around 0.07 percent, the yield on long-term 30-year note traded flat at 0.87 percent and the yield on short-term 2-year too traded steady at -0.10 percent by 05:50 GMT.
The BoJ on Friday bought a total of JPY910 billion (USD8.27 billion) of short- to super-long maturity JGBs as part of its regular debt-buying scheme. Of these, the outcome of the buying operations for long-term and super-long JGBs was seen to have been weaker compared with the previous operations conducted on Monday, Reuters reported.
Meanwhile, Japan’s Nikkei 225 closed 0.53 percent higher at 20,057.50 by 06:00GMT, while at 05:00GMT, the FxWirePro's Hourly Yen Strength Index remained neutral at 61.29 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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