TOKYO, May 23 (Reuters) – Japanese government bonds rose on
Wednesday after the Bank of Japan’s buying operation produced
strong results, highlighting limited availability of JGBs for
investors.

The BOJ bought one- to five-year sector and the 10- to
40-year zone as previously announced, with the latter drawing
smallest amount of selling since the end of last month.

Ten-year JGB futures rose 0.07 point to 150.85,
with a trading volume of 18,900 lots by late afternoon trade.

Trading in cash bonds was subdued, with the benchmark
10-year bonds untraded in the morning before
trading flat at 0.045 percent. The current 20-year JGBs
were still untraded.
(Reporting by Tokyo Markets Team; Editing by Subhranshu Sahu)