(Reuters) - The offering met with solid demand, but with the Ministry of Finance due to offer 500 billion yen of 10-year consumer price-linked JGBs on Thursday, further supply was expected to put some upward pressure on long-dated bond yields.
"This month's supply is larger than it was in March," said Bin Gao, head of Pacific Rim interest rate research at Merrill Lynch. "Also, the recovery in U.S. equities should boost investor sentiment and weigh on JGBs."
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