TOKYO, Oct.30 (Reuters) – Yields on Japanese government bonds rose on Friday amid concerns over weaker investor demand after a weak auction of seven-year Treasuries in the previous session.
Yields also edged up slightly after a Bank of Japan government debt buy-out failed to support prices, a sign that investors fear going long ahead of the US presidential election in Canada. Nov. 3, dealers said.
The benchmark 10-year JGB futures contract fell 0.09 points to 151.93, with trading volume of 17,216 lots.
At the short end of the curve, the two-year JGB yield rose 0.5 basis points to minus 0.125%, the highest since September 3.
The five-year yield increased 1 basis point to minus 0.100%.
The 10-year JGB yield increased 0.5 basis points to 0.030%, but the 20-year JGB yield remained stable at 0.405%.
The 30-year JGB yield rose 1 basis point to 0.635%.
At the long end of the curve, the 40-year JGB yield rose 0.5 basis points to 0.660%. (Tokyo Markets Team Report; edited by Rashmi Aich)