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Jun 02, 2020 PRINT EDITION

TOKYO: Japanese government bond yields rose on Tuesday as some calm has returned to the market after U.S. President Donald Trump softened his tone against China and flagged the possibility of a trade deal between both economies.

The benchmark 10-year JGB yield gained one  basis point to minus 0.270%.

In the super-long zone, the 20-year yield  rose 1.5 basis points to 0.070% and the 30-year added half-a-basis point to 0.160%.

Key 10-year JGB futures eased 0.17 point to 155.14, with a trading volume of 30,145 lots.

Supporting the market mood, Trump said on Monday that Chinese officials had contacted their U.S. trade counterparts and offered to resume negotiations, an assertion that China declined to confirm.

Copyright Reuters, 2019