JGB yields drift higher

Bank of Japan (BoJ) debt buying operation pushed down futures prices. (file pic shows BoJ building).

TOKYO: Yields on some Japanese government bond (JGB) futures drifted higher last Friday in holiday-thinned trade after weak results from a Bank of Japan (BoJ) debt buying operation pushed down futures prices.

Yields were also supported by a sense of relief after Britain and the European Union agreed a free trade deal, averting economic turmoil at the year’s end – the deadline for Brexit.