Japanese government bond (JGB) prices ended the session higher, reversing their morning losses, with some offshore speculators liquidating their oversold positions in debt futures to bank profits, dealers said. The yield on the bellwether 10-year bond was at 1.425 pct, down from 1.445 pct at yesterday's close The yield on the lead 20-year debt fell to 1.950 pct from 1.955 pct yesterday, while the yield on the benchmark five-year bond declined to 0.790 pct from 0.820 pct previously. Bond prices move inversely to yields The price of the 10-year bond futures contract rose to 138.05 yen from 137.78 yen at the end of the last session. "Short-term speculators seem to have stepped in to purchase JGB futures contracts, with positive sentiment gradually spreading to cash bonds," said Ryutaro Matsuyama, a strategist at Mizuho Investors Securities