June 6, 2019 / 4:07 AM / 3 months ago

JGBs dip on profit taking after rally

TOKYO, June 6 (Reuters) - Japanese government bond prices dipped on Thursday, as profit taking emerged following the previous day’s rally although fragile risk sentiment helped limit losses in safe-haven bonds.

The five-year JGB yield rose 1.5 basis points to minus 0.235%.

The benchmark 10-year yield climbed 1 basis point to minus 0.110%.

The 10-year yield had slid to three-year lows of minus 0.130% on Wednesday on mounting speculation the Bank of Japan could follow the Federal Reserve and ease policy should the U.S. central bank opt to cut interest rates in the near future.

The 30-year yield nudged up to 0.425% after falling to 0.415% the previous day, its lowest since September 2016.

Equity markets in Asia were on the defensive on Thursday on concerns that the U.S. trade tussle with Mexico could further depress global economic growth. (Reporting by the Tokyo markets team Editing by Jacqueline Wong)

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