TOKYO, Aug 28: Japanese government bond prices rose on Wednesday, as rising tension over Syria increased the safe haven appeal of fixed-income assets and the Bank of Japan’s bond-buying operations underpinned supply conditions.
* The BOJ offered to buy outright 800 billion yen ($8.23 billion) of JGBs, comprised of 250 billion yen with 1 to 3 years left to maturity, 350 billion yen with 3 to 5 years left to maturity, and 200 billion yen with more than 10 years left to maturity.
* U.S. Treasuries rose as Washington and its allies prepared for likely military action against Syrian President Bashar al-Assad’s forces, who were apparently behind last week’s chemical weapons attacks.
* The 10-year JGB yield fell 1.5 basis points to 0.725 percent, after retracing a three-month low of 0.720 percent touched a week ago.
* Ten-year JGB futures rose 0.25 point to 144.24 after earlier hitting an intraday high of 144.32, their highest since May 10.
* According to IFR, a Thomson Reuters publication, good two-way flow was seen in the 10-year zone among many domestic real money accounts.
($1 = 97.2050 Japanese yen)
(AGENCIES)
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