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JGB Follow U.S. Treasuries lower, Despite Hop in Virus Cases

Japanese government bond (JGB) rates followed declines in U.S. Treasury bonds lower on Thursday, disregarding a fall in risk-on resources in light of a sharp ascent in a number of coronavirus cases.

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Benchmark 10-year Japanese government bond futures dropped 0.06 point to 152.55, with exchanging volume of 27,637 lots by the late-evening exchange.

The 10-year money Japanese government bond yield added 1bp to minus 0.035 percent.

The 20-year and the 30-year yields likewise increased 1 bp each toward 0.255 percent and 0.385 percent, individually, while and the 40-year yield rose 1.5 bps to 0.415 percent.

U.S. Treasury yields advanced on Wednesday amid reestablished risk resilience after a revealed drop in the number of new coronavirus cases in China on Wednesday eased a few worries about monetary development.

Yet, the positive thinking endured a shot in Asia after China's Hubei region, the focal point of the flare-up, announced a record ascend in the loss of life after it embraced another strategy for diagnosis.

At the shorter end of the market, the two-year Japanese government bond yield stood unchanged at minus 0.155 percent, while the five-year yield gained 1 bp to minus 0.130 percent.

Source: Reuters

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