TOKYO, March 29 Shorter-dated Japanese
government bond prices slipped on Wednesday as the market took
cues from an overnight retreat by U.S. Treasuries, while the
longer-dated maturities gained on month-end investor demand.
The five-year yield rose 1 basis point to
minus 0.145 percent and the benchmark 10-year yield
climbed 0.5 basis point to 0.060 percent.
The 30-year yield, on the other hand,
declined 1 basis point to 0.815 percent. Super-long JGBs tend to
attract demand at the turn of each month, helped by
index-following investors reshuffling their bond portfolios.
JGBs took in stride Wednesday's regular debt-purchasing
operation by the Bank of Japan, at which the central bank
trimmed the purchase of three- to five-year bonds to 380 billion
yen from 400 billion yen previously.
The BOJ has been tweaking the amount of JGBs it buys at its
operations in an effort to reduce market volatility, which
worsened as the central bank purchased large amounts of debt
under its easing programme.
U.S. Treasury debt prices fell on Tuesday, hurt by a jump in
stocks after U.S. consumer confidence surged to a 16-year high.
(Reporting by the Tokyo markets team; Editing by Amrutha