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JGBs lifted by stronger Treasuries, BOJ's buying operation
January 6, 2017 / 4:42 AM / 10 months ago

JGBs lifted by stronger Treasuries, BOJ's buying operation

TOKYO, Jan 6 (Reuters) - The Japanese government bond prices rose on Friday, lifted by overnight gains in U.S. Treasuries and a debt-buying operation by the Bank of Japan.

The 20-year JGB yield and the 30-year yield both fell by 1.5 basis points to 0.595 percent and 0.745 percent, respectively.

The benchmark 10-year yield stood flat at 0.055 percent amid caution towards the U.S. non-farm payrolls report due later in the day.

The BOJ purchased 410 billion yen ($3.54 billion) of JGBs on Friday with maturities ranging from five years to 10 years as a part of its regular bond-purchasing operation.

U.S. Treasuries gained broadly on Thursday following weaker-than-expected ADP private sector employment data. Uncertainty about the incoming Trump administration has also recently supported debt.

Investors are now focused on Friday’s U.S. non-farm payrolls report in which economists expected jobs gains of 178,000 in December.

($1 = 115.6900 yen)

Reporting by the Tokyo markets team; Editing by Sherry Jacob-Phillips

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