TOKYO: Japanese government bond (JGB) prices eased slightly on Monday as gains in Tokyo equities dimmed the safe-haven appeal of debt.
The benchmark 10-year JGB yield rose 1 basis point to minus 0.050%.
The 20-year yield and the 30-year yield each gained 1.5 basis points, to 0.365% and 0.540%, respectively.
Ten-year JGB futures slipped 0.11 point to 152.65, with a trading volume of 14,475 lots by mid-afternoon trade.
The finance ministry on Monday offered to sell 600 billion yen ($5.45 billion) of off-the-run JGBs with remaining maturities of 5 years to 15.5 years.
The ministry regularly conducts such sales in an attempt to provide the market with liquidity.
The auction bid-to-cover ratio, which gives an indication of demand, came in at 3.37, slightly below a high bid-to-cover ratio of 3.54 from the previous auction.
Japan's benchmark Nikkei share average rose as first-quarter economic growth proved firmer than expected, although market gains were limited as data also pointed towards lacklustre domestic demand.
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