TOKYO: The key 10-year Japanese government bond futures contract hit a three-month low on Wednesday as better-than-expected growth data from China soothed global economic slowdown fears and curbed demand for safe-haven debt.
Ten-year JGB futures dropped 0.13 points to 152.37, their lowest levels since Jan. 9, with a trading volume of 39,267 lots.
In the cash bond market, the yield on benchmark 10-year JGBs rose one basis point to a six-week high of minus 0.015 percent, although it was still in sub-zero territory.
In the super-long zone, the 40-year yield jumped four basis points to a three-week high of 0.595 percent.
The 30-year climbed three basis points to a four-week high of 0.570 percent, while the 20-year yield added 2.5 basis points to a five-week high of 0.400 percent.
China's economy grew at a steady 6.4 percent pace in the first quarter, beating the market consensus, which helped to relieve some investor anxiety over the sputtering global economy.
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