Japan's 10-year bond yield flat as US yields decline

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%. (Reporting by Junko Fujita; Editing by Janane Venkatraman)