TOKYO, Oct 29 (Reuters) - Japanese government bond (JGB)

yields were mostly unchanged on Tuesday, as the market awaited

the Bank of Japan's (BOJ) monetary policy decision ahead of a

key U.S. jobs report this week.

While some buying was seen earlier in the day, the 10-year

JGB yield was last flat at 0.97%, while 10-year

JGB futures were down just 0.02 points at 143.85 yen.

JGB yields, which move inversely to bond prices, rose across the

curve on Monday after Japan's ruling coalition lost its majority

in Sunday's election.

Along with questions about how the political shake-up could

impact monetary policy, bond investors have been focused on

whether power-sharing deals with opposition parties will lead to

bigger government spending.

Analysts have projected that scenario could lead to a

steepening in longer-dated bond yields.

The impact on the market won't be clear until the actual figures

for the supplementary budget are known, which likely will not

happen until mid-November, said Yurie Suzuki, a market analyst

at Mizuho Securities.

"Until then, it might be a difficult environment to make a

move."

In the meantime, market focus will largely be on overseas

events, including the closely watched U.S. nonfarm payrolls

report on Friday and the Nov. 5 presidential election, Suzuki

added.

The BOJ is expected to stand pat at its monetary policy meeting

on Oct. 30-31, although market players will be looking for less

dovish signals from the central bank as the yen languishes near

a three-month low.

The two-year JGB yield fell 1 basis point (bp)

to 0.445%, after solid demand was seen at an auction for the

bonds on Tuesday.

The bid-to-cover ratio, a common measure of demand at

auctions, improved to 4.87 from 3.81 in September.

The five-year yield was unchanged at 0.59%.

The 20-year JGB yield and 30-year JGB yield

were both flat at 1.81% and 2.215%, respectively.