TOKYO: Japanese government bond prices edged lower on Monday, weighed down by a rally in Tokyo stocks to 17-month highs after centrist Emmanuel Macron's resounding victory in French presidential election.

June 10-year JGB futures slipped 0.11 point to 150.82.

The benchmark 10-year JGB yield and the 30-year yield each rose 1.5 basis points to 0.030 percent and 0.805 percent, respectively.

Caution towards Tuesday's 10-year bond auction and soft results to the Bank of Japan's regular long-term debt purchasing operation also nudged JGB yields higher.

Japan's finance ministry will offer 2.3 trillion yen  ($20.42 billion) of 10-year JGBs on Tuesday.

With investor risk appetite boosted following Macro's win in France, Japan's Nikkei closed 2.3 percent higher after rising to its highest level since December 2015.

Copyright Reuters, 2017
 

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