Japanese government bond prices were steady to firmer on Friday after US Treasuries gained over the last three days when Japan’s markets were closed for the “Golden Week” holidays, Reuters reported. The benchmark 10-year JGB yield fell 0.5 basis point to minus 0.120%, near the record low of minus 0.135% set in March and April. The 20-year JGB yield also fell 1.0 basis point to 0.275%. The market was closed from Tuesday to Thursday though many market players are taking the whole week off. Trading was slow, with fewer than 10,000 contracts of benchmark 10-year JGB futures traded with one hour left before closing. Average daily volume is about 26,000 contracts.
