July 4, 2019 / 5:32 AM / 3 months ago

JGBs pare losses after auction of 30-year debt

TOKYO, July 4 (Reuters) - Japanese government bond prices initially fell on Thursday but pared losses after a successful auction of 30-year debt drew more demand than the previous sale of the debt.

Some dealers are also wary of the view that the Bank of Japan may not be able ease monetary policy as much as other major central banks, as policymakers grapple with low inflation the fallout from the U.S.-China trade war.

Ten-year JGB futures fell 0.04 point to 153.90, with a trading volume of 17109 lots.

The 10-year JGB yield was flat at minus 0.16%.

The 20-year JGB yield fell 1 basis point to 0.205%.

The 30-year JGB yield was flat at 0.345%. Earlier on Thursday, the finance ministry auctioned 30-year debt that was easily digested by investors, traders said.

At the short end of the curve, two-year JGB yields rose 0.5 basis point to minus 0.220%. (Reporting by the Tokyo Markets Team)

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