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JGBs restrained ahead of 20-year auction

TOKYO, Oct 21 (IFR) - Japanese government bonds were restrained on Monday, held back by a fall in U.S. bond prices late last week and as investors turned cautious ahead of a 20-year bond auction on Tuesday.

JGB futures moved in a narrow 144.69-77 range and last stood at 144.76, flat from Friday close.

In the cash bond trading, the 30-year sector yield rose 1.0 basis point to 1.620 percent while the 30-year yield rose a half basis to 1.485 percent.

The Ministry of Finance plans to sell 1.2 trillion yen of 20-year JGBs on Tuesday.