JGBs inch higher as doubts over U.S.-China trade deal resurface
TOKYO, Nov 19 (Reuters) - Japanese government bond prices edged a tick higher on Tuesday as a lack of clarity on the progress in the U.S-China trade negotiations discouraged investors from taking large bets.
Benchmark 10-year JGB futures 2JGBv1 rose 0.04 point to 153.29, with a trading volume of 15,601 lots by late-afternoon trade.
The key 10-year cash JGB yield JP10YTN=JBTC fell half-a-basis point to minus 0.095%.
The 20-year JP20YTN=JBTC and the 40-year yields JP40YTN=JBTC also dropped 0.5 basis point each to 0.280% and 0.470%, respectively, while the 30-year yield JP30YTN=JBTC stood flat at 0.440%.
The five-year yield JP5YTN=JBTC retreated half-a-basis point to minus 0.205%.
Overnight, CNBC reported the mood in Beijing was pessimistic about the prospects of sealing a phase-one deal with Washington.
On the other hand, a new extension allowing U.S. companies to continue doing business with Chinese telecoms giant Huawei Technologies Co Ltd HWT.UL suggested something of an olive branch.
(Reporting by Tokyo Markets Team; Editing by Sherry Jacob-Phillips)
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