JGBs little changed

TOKYO: Most Japanese government bond prices were little changed on Friday but the European Central Bank's dovish stance helped to underpin the longest end of the market, bringing down their yields. European bond yields tumbled after the European Central Bank (ECB) said it would dial back its emergency bond purchases a notch but stressed that move was not a taper.

Benchmark December 10-year JGB futures fell 0.01 point to 151.82. In the cash bond market, the 10-year JGB yield rose 0.5 basis point to 0.040% while the 20-year yield was flat at 0.425%. The 30-year JGB yield fell 0.5 basis points to 0.650% while the 40-year JGB yield fell 1 basis point to 0.725%.