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JGB Yields Track U.S. Peers Higher amid Strong Retail Sales

TOKYO, Sept 17 (Reuters) - Japanese government bond yields rose on Friday, tracking peers in the United States which advanced after a surprisingly strong reading in retail sales lifted some concerns about growth there.

The 10-year JGB yield rose 0.5 basis point to 0.045%, while the 20-year JGB yield rose one basis point to 0.430%.

A report from the U.S. Commerce Department overnight showed retail sales unexpectedly rose in August, indicating the U.S. economic recovery is strengthening on positive trends in consumer spending.

Yields on longer term notes also rose, with the 30-year JGB yield rising 0.5 basis point to 0.650% and the 40-year JGB yield up 0.5 basis point to 0.725%.

The two-year JGB yield remained at 0.130% after being untraded, while the five-year yield rose 0.5 basis point to minus 0.100%.

Benchmark 10-year JGB futures fell 0.07 point to 151.71, with a trading volume of 18,938 lots.

Reporting by Tokyo newsroom; Editing by Angus MacSwan

Source: Reuters


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