Japan's bonds decline amid BoJ purchases

Japan's government bonds dropped on Friday falling four fourth day this week as demand for securities was curbed by the Bank of Japan's offer to purchase short- to long-term securities in a total value of 2.51 trillion yen ($25.3 billion). The Japanese benchmark 10-year yield increased by six basis points to 0.635% at 4:24 p.m. Tokyo time after the rate touched its lowest at 0.315 on April 5.