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JGB Futures Rise as New Virus Strain Lifts SafeHaven Demand

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TOKYO, Dec 21 Reuters Japanese government bond futures rose on Monday as the emergence of a new strain of the coronavirus in Britain boosted demand for safer assets.

However, super longterm yields rose slightly after Japans government approved a record budget for next fiscal year and said it would sell more 40year bonds.

Benchmark 10year JGB futures rose 0.06 point to 152.12, with a trading volume of 14,161 lots.

The 10year JGB yield was flat at 0.005. The 20year JGB yield was flat at 0.380.

At the long end of the curve, the 30year JGB yield rose 1 basis point to 0.630. The 40year JGB yield also rose 1 basis point to 0.680.

Japan will increase issuance of 40year JGBs by 100 billion yen 967.02 million per auction from April, the finance ministry said on Monday.

At the middle of the curve, the fiveyear yield was flat at minus 0.130.

At the short end, the twoyear JGB yield held steady at minus 0.140.

1 103.4100 yen

Reporting by the Tokyo markets team; Editing by Aditya Soni

 

Source Reuters

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