JGB yields steady in subdued session with 10-year notes untraded

BY Reuters | TREASURY | 09/13/21 02:25 AM EDT

TOKYO, Sept 13 (Reuters) - Japanese government bonds were little changed in a subdued session that had no scheduled auctions or central bank operations to give the market direction.

Benchmark 10-year JGB futures fell 0.03 point to 151.79, with a trading volume of 18,224 lots, following weakness in U.S. Treasuries on Friday.

The 10-year cash bond did not trade, and last yielded 0.040%.

The 20-year and 30-year JGB were both flat at 0.425% and 0.650%, respectively.

The finance ministry sells 20-year bonds on Thursday.

Two- and five-year notes also did not trade, last yielding minus 0.130% and minus 0.105%. (Reporting by Tokyo markets team; Editing by Muralikumar Anantharaman)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.