JGB yields tick up on Brexit, economic recovery hopes
- At the shorter end, the five-year yield ticked up 1 basis point to minus 0.120%.
TOKYO: Japanese government bond yields rose slightly on Thursday, tracking firmer US Treasury yields as Britain appeared to be close to a deal to leave the European Union, while hopes of a sustained global economic recovery also lent support.
The 10-year JGB yield rose 0.5 basis point to 0.010%, while the 20-year JGB yield rose 1 basis point to 0.385%.
The 30-year JGB yield rose 1 basis point to 0.620%.
At the shorter end, the five-year yield ticked up 1 basis point to minus 0.120%.
But the two-year JGB yield was flat at minus 0.140% after an auction of 3.0 trillion yen ($28.97 billion) two-year JGBs attracted solid bids.
Benchmark 10-year JGB futures snapped their four-day winning streak to fall 0.16 point, their biggest decline in a month and a half, to 151.98.