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JGB Yields Track U.S. Treasury Fall, Selling Pressure Eases

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TOKYO, Feb 18 Reuters Japanese government bond yields fell on Thursday, tracking a similar move in U.S. Treasuries as selling pressure eased despite a betterthanexpected economic data.

Concerns over rise in U.S. Treasury yields in the future, however, capped gains in Japanese bond prices, as investors are wary of growing expectations for an economic rebound, a market participant said.

The 10year JGB yield fell 0.5 basis point to 0.090 and the 20year JGB yield fell 0.5 basis point to 0.485.

The 30year JGB yield fell one basis point to 0.675.

The twoyear JGB yield fell 0.5 basis point to minus 0.125 and the fiveyear yield fell 0.5 basis point to minus 0.085.

The 40year JGB yield fell 0.5 basis point to 0.720.

Benchmark 10year JGB futures rose 0.07 point to 151.3, with a trading volume of 30,212 lots.

Reporting by Tokyo markets team; Editing by Vinay Dwivedi

Source Reuters

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