TOKYO, Feb 15 (Reuters) - Japanese government bond futures fell on Monday as growing optimism about a swift economic recovery from the coronavirus fallout drew money into equities and other risky assets.
Futures prices remained lower after data showed Japan’s economy grew more than expected in the fourth quarter, easing concerns about the economic outlook.
Some traders, however, remained on the sidelines before an auction on Tuesday of five-year bonds, which will be an important test of investor demand for fixed income.
Benchmark 10-year JGB futures fell 0.15 point to 151.51, with a trading volume of 16,792 lots.
The 10-year JGB yield rose 1.5 basis points to 0.075%. The 20-year JGB yield rose 1 basis point to 0.470%.
At the long-end of the yield curve, the 30-year JGB yield held steady at 0.665% and the 40-year JGB yield was unchanged at 0.710%.
The five-year yield rose 1 basis point to minus 0.105%, while the two-year JGB yield rose 0.5 basis point to minus 0.130%.
(Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)
Source: Reuters