JGBs slip as global peers retreat, risk appetite improves

Credit: REUTERS/THOMAS WHITE

Japanese government bond prices slipped across the board on Tuesday, dragged down by a broad retreat in global peers amid an improvement in risk appetite.

TOKYO, Sept 10 (Reuters) - Japanese government bond prices slipped across the board on Tuesday, dragged down by a broad retreat in global peers amid an improvement in risk appetite.

The five-year JGB yield JP5YTN=JBTC rose 3 basis points (bps) to minus 0.320%.

The benchmark 10-year yield JP10YTN=JBTC climbed 3.5 bps to minus 0.225%, pulling away from a three-year low of minus 0.295% set on Friday.

The 30-year yield JP30YTN=JBTC was 5.5 bps higher at 0.275%.

The recent jump in global government bond yields, which has spread to the United States as well as Japan, began in the euro zone. German bond yields rebounded from record lows and rose to one-month highs on Monday following a report that Berlin is considering taking on more debt to boost spending.

U.S. Treasury yields rose to three-week highs on Monday as risk appetite improved amid easing U.S.-China trade tensions and expectations of less-aggressive action from the European Central Bank this week. US/

Japan's Nikkei stock average .N225 advanced to a six-week high on Tuesday as investor risk appetite continued to improve in the broader markets, adding further pressure on safe-haven JGBs.

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

((shinichi.saoshiro@thomsonreuters.com; +813-6441-1774))

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