JGB futures edge up after firm liquidity-enhancing auction

25 Aug, 2016

TOKYO: Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction.

September 10-year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.

The finance ministry sold 500 billion yen ($4.98 billion) of off-the-run JGBs on Thursday in a regular auction designed to enhance liquidity in the market.

The benchmark 10-year JGB yield was unchanged at minus 0.085 percent.

Copyright Reuters, 2016

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