Japan's 10-year bond yield stays at top of BOJ ceiling

On Monday, the yield of 10-year Japanese government bonds (JGBs), holding for more than a week, fixed at the upper boundary of the Central Bank target. Apart from this mark, yields of other bonds also did not change much due to absence of moving signals on the market. 

The yield of 10-year JGBs has remained unchanged at 0.250% since Nov. 25, as the central bank made daily offers to buy an unlimited number of bonds.

The yield on the 20-year JGB bond rose 0.5 basis points to 1.100%, while the yield on the 30-year debt securities remained unchanged at 1.490%. A similar trend is seen ahead of an auction for bonds with the same maturity next session.

Gen Taniguchi, market analyst at Mizuho Securities, said the decline in yields on ultra-long contracts could be limited before the auction.