TOKYO, Nov 11 (Reuters) - Japan's 10-year government
bond yield was unchanged on Monday, after U.S. Treasury yields
fell last week.
The 10-year JGB yield was flat at 1% after
crossing that level for the first time in three months on
Thursday.
"The 10-year bond yield seems to be capped at 1%. If the
yield surpasses that level, investors buy the bonds," said Gen
Taniguchi, market analyst at Mizuho Securities.
U.S. Treasury yields fell on the long end of the curve on
Friday as investors paused selling government debt and
consolidated positions to book profits after Republican Donald
Trump's victory in Tuesday's presidential election.
The benchmark U.S. 10-year yield posted its largest weekly
drop since early September. The U.S. bond market is closed on
Monday for Veterans Day.
The finance ministry conducted an auction for the 10-year
inflation-linked bonds earlier in the day, but the
market saw little impact on the overall yields, strategists
said.
The two-year JGB yield fell 0.5 basis point
(bp) to 0.495%.
The five-year yield was flat at 0.64%.
The 20-year JGB yield rose 0.5 bp 1.835% and
the 30-year JGB yield rose 0.5 bp to 2.245%.
The 40-year JGB yield was flat at 2.56%.