JGBs mostly steady in subdued trading ahead of weekend

June 19 (Reuters) – Most Japanese government bond (JGB) prices were little changed in thin trade on Friday, as many investors stayed away from taking big positions ahead of the weekend.

Benchmark 10-year JGB futures dropped 0.05 point to 152.07, with a trading volume of 11,553 lots, while the key 10-year cash bond yield stood flat at 0.010%.

The 30-year cash debt yield also was steady at 0.560%, while the 20-year yield eased half a basis point to 0.385% and the 40-year yield gained one basis point to 0.590%.

At the shorter end of the market, the two-year and the five-year yields added half a basis point each to minus 0.165% and minus 0.110%, respectively.

Market participants said the trade was range-bound and directionless, with no clear cues on either direction. (Reporting by Tokyo Markets Team; Editing by Rashmi Aich)

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