Many investors were sidelined awaiting the outcome of the 20-year JGB auction while firmer equity prices also kept market participants at bay.
JGB prices got off a firmer start today aided by the bullish tone on the US Treasury market overnight, but then they fell back after the sharp gains in stock prices here.
JGB prices dropped on firmer stock prices, a drop in US Treasury prices overnight and a pullback in the yen against the dollar.