October 8, 2019 / 6:49 AM / 2 months ago

JGBs retreat slightly on stock gains; Sino-U.S. trade talks awaited

TOKYO, Oct 8 (Reuters) - Japanese government bond (JGB) prices fell across maturities on Tuesday, taking cues from a rally in Tokyo stocks and overnight losses in U.S. Treasuries, and as investors awaited U.S.-China trade talks due later in the week.

Benchmark 10-year JGB futures fell 0.29 point to 154.95, with a trading volume of 19,545 lots.

The key 10-year cash JGB yield rose 2 basis points (bps) to minus 0.210%.

In the super-long zone, the 20-year yield rose 2.5 bps to 0.200% and the 30-year yield rose 2 bps to 0.375%.

At the shorter end of the curve, the two-year yield rose 1.5 bps to minus 0.325% and the five-year yield rose 2 bps to minus 0.360%.

On the Tokyo stock market, the benchmark Nikkei average advanced 1.0%, led by gains in chip-related issues, ahead of high-level Sino-U.S. talks this week to resolve a damaging trade war.

U.S. Treasury prices dropped on Monday after last week’s dramatic rise. (Reporting by the Tokyo Markets Team; Editing by Subhranshu Sahu)

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