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JGB Yields Gain as Prices Drop on Trade Imbues

Japanese government bond yields grew to their strongest level in about a quarter of a year and future rates dropped on Tuesday as indications of progress toward a Sino-U.S. economic agreement hurt interest for risk-off assets.

japanPhoto: Flickr

Bond yields had been rising as of late as traders scale back desires for extra money related facilitating at a BOJ meeting finishing Thursday.

Yields got a further lift after U.S. President Donald Trump stated on Monday he expected to sign a critical piece of the economic agreement with China in front of the calendar.

Benchmark 10-year Japanese government bond futures plunged 0.13 points to 153.77, with an exchanging volume of 12,491 lots. At a certain point, futures tumbled to 153.64, their weakest since Aug. 1.

The 10-year Japanese government bond yield rose 1.5 bps to minus 0.120 percent, the strongest since July 17.

The 20-year Japanese government bond yield added 1.5 bps to 0.265%, the strongest since June 14.

The 30-year Japanese government bond yield gained 2.5 bps to 0.420 percent.

The two-year Japanese government bond yield rose 1.5 bps to minus 0.205 percent. Prior to the exchanging session, the two-year yield contacted their strongest level since Aug. 1.

Japan's finance ministry unloaded two-year debt on Tuesday, which was fulfilled with solid need from essential dealers.

The five-year yield edged higher by 1.5 bps to minus 0.240 percent.


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