JGBs follow global bond sell-off as risk appetite improves

Credit: REUTERS/Thomas White

Japanese government bond prices fell on Wednesday, following a recent global bond sell-off, as optimism toward U.S.-China trade talks and moves in Britain to avoid a messy exit from the European Union boosted risk appetite.

TOKYO, Sept 11 (Reuters) - Japanese government bond prices fell on Wednesday, following a recent global bond sell-off, as optimism toward U.S.-China trade talks and moves in Britain to avoid a messy exit from the European Union boosted risk appetite.

Benchmark 10-year JGB futures 2JGBv1 fell 0.27 point to 154.40, with a trading volume of 19,232 lots. At one point, futures hit the lowest in almost five weeks.

The 10-year JGB yield JP10YTN=JBTC rose 3 basis points (bps) to minus 0.200%, the highest since Aug. 9.

The 20-year JGB yield JP20YTN=JBTC rose 1.5 bps to 0.160%, while the 30-year JGB yield JP30YTN=JBTC increased 1.5 bps to 0.290%.

At the short end of the curve, the two-year JGB yield JP2YTN=JBTC rose 1.5 bps to minus 0.280%.

(Reporting by the Tokyo markets team; Editing by Subhranshu Sahu)

((stanley.white@thomsonreuters.com; +81 3 6441 1984 twitter.com/stanleywhite1))

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