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JGBs Slip on Economic Optimism, 10yr Yield Hits 0.1

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TOKYO, Feb 19 Reuters Japanese government bond prices edged down on Friday, pushing up the benchmark 10year bond yield to its highest since November 2018, on rising optimism over economic recovery from the pandemic.

Rising concerns about inflation put pressure on bond prices in the United States, while investors are also wary the Bank of Japan could signal it is ready to allow bond yields to rise further at its policy review next month.

Benchmark 10year JGB futures fell 0.11 point to 151.19, with a trading volume of 27,617 lots.

The 10year JGB yield rose 1 basis point to 0.100.

The 20year JGB yield rose 1 basis point to 0.495 while the 30year yield was flat at 0.675.

Shortterm bond yields have risen as well, with the twoyear yield rising 0.5 basis point to minus 0.120 and the fiveyear yield gaining 0.5 basis point to minus 0.080.

Reporting by Tokyo Markets Team; Editing by Krishna Chandra Eluri

Source Reuters

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