TOKYO: Japanese government bond prices gained on Thursday, with the market supported by firm auction results.
The finance ministry sold 500 billion yen ($4.83 billion) of JGBs at the liquidity-enhancing sale, under which it regularly supplies the market with off-the-run bonds.
Movements were limited as a wait-and-see mood prevailed ahead of the European Central Bank's policy meeting later in the day, with investors awaiting possible clues on the central bank's 1-trillion-plus euro bond buying programme.
The benchmark 10-year JGB yield inched down half a basis point to minus 0.065 percent.
The 10-year bond went untraded the previous day, with traders saying the market was slightly less conducive for active trading as price ranges had narrowed under the Bank of Japan's yield curve control scheme.
The 30-year yield fell one basis point to 0.490 percent.
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