Japanese government bond prices ended the morning session mixed, investors having bought longer tenors in the expectation that the results of today’s auction of 30-year bonds will be favorable, dealers said.

But dealers said investors had been cautious as they awaited the reaction of the US bond market to the US consumer price data for last month, which are due to be released today.

At the break, the yield on the benchmark 10-year bond had slipped to 1.690 pct from 1.695 pct at the close yesterday.

The yield on the two-year note was at 0.825 pct, up from 0.820 pct, and the yield on the lead five-year note had climbed to 1.240 pct from 1.235 pct.

The yield on the 20-year bond was at 2.150 pct, down from 2.165 pct, and the yield on the 30-year bond had fallen to 2.380 pct from 2.395 pct.

Bond prices move inversely to yields.

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Posted: 04|17|07 at 9:39 am. Filed under: News.