World Economy

JGBs Gain

JGBs GainJGBs Gain

Japanese government bond prices gained on Friday on bargain-hunting following strong results of the Bank of Japan’s debt-buying operation, Reuters reported. The benchmark 10-year yield was down 2.5 basis points at minus 0.075%, after spiking to a two-week high of minus 0.030%. JGBs were sold broadly the previous day as investors recorded profits to spruce up their books on the last day of the domestic fiscal year. The BOJ bought a total of 520 billion yen ($4.63 billion) of JGBs on Friday as part of its regular debt-purchasing scheme.