TOKYO: Japanese government bond prices gained on Tuesday after a "liquidity enhancing" auction of existing long-dated JGBs attracted solid bids and US bond prices rebounded on concerns about the risk of default by Greece.
The 10-year cash JGB yield fell 3.0 basis points to 0.460 percent, extending its fall from 6 1/2-month high of 0.505 percent hit on Thursday.
The auction of 300 billion yen ($2.4 billion) JGBs with 15 to 39 years left to maturity produced strong results.
The yield on the benchmark 20-year JGBs fell 4.5 basis points to 1.230 percent while the 30-year yield fell 3.0 basis points to 1.505 percent.
The market was also helped by gains in US bonds overnight on renewed concerns over whether Greece could clinch a deal with its creditors to secure cash.
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