Japan's five-year government bond yield traded largely flat on Wednesday after a government debt auction attracted firm demand, while easing yields on French bonds and expectations that the Bank of Japan is nearing the end of its interest rate hike cycle supported investor appetite, Reuters reported.
The five-year Japanese government bond (JGB) yield was unchanged at 2.34%, retreating from an earlier session high of 2.35%. It was last up 0.5 basis point at 2.345%.