JGBs edge down, taking cue from Treasuries

TOKYO, Nov 10 (Reuters) – Japanese government bonds edged down on Friday, taking their cue from higher U.S. Treasury yields.

The benchmark 10-year cash JGB yield was up one basis point at 0.035 percent, while the 10-year JGB futures contract finished down 0.11 point at 150.84.

Shorter maturities also weakened, with the 2-year yield adding 2 basis points to minus 0.180 percent and the 5-year yield up 1.5 basis points at minus 0.115 percent.

In the superlong zone, the 20-year JGB yield was flat at 0.570 percent, and the 30-year JGB yield added half a basis point to 0.800 percent.

The 40-year JGB yield edged down one basis point to 0.960 percent after earlier touching 0.945 percent, its lowest since late April.

The 10-year Treasury yield rose to 2.354 percent in Asian trading, compared with its U.S. close on Thursday of 2.331 percent.

In its buying operations on Friday, the Bank of Japan offered to purchase 410 billion yen ($3.62 billion) of five- to 10-year JGBs, 200 billion yen of 10- to 25-year JGBs, and 100 billion yen of JGBs maturing in over 25 years, consistent with its previous purchase amounts for those zones. ($1 = 113.3700 yen) (Reporting by Tokyo markets team; Editing by Biju Dwarakanath)

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