TOKYO, Feb 6 (Reuters) - Japanese government bond (JGB) prices slipped broadly on Thursday as robust gains in equities dented the appeal of the safe-haven asset.
Local stocks posted their biggest one-day gain in more than a year as investor sentiment was buoyed after China cut tariffs on some imported goods from the United States, lifting some of the gloom from a coronavirus outbreak.
Benchmark 10-year JGB futures declined 0.27 point to 152.41. The yield on the benchmark 10-year cash JGBs rose 2 basis points (bps) to minus 0.020%.
The two-year JGB yield rose 1 bp to minus 0.135%, while the five-year yield gained 1.5 bps to minus 0.130%.
The super-long zone followed suit, with the 20-year yield tacking on half a basis point to 0.270%, while the 40-year yield also gained 0.5 bps to 0.445%.
The 30-year yield was unchanged at 0.415%. Thursday’s 700 billion yen ($6.37 billion) 30-year JGB auction attracted solid investor interest. The auction bid-to-cover ratio, a gauge of demand, rose to 3.73 from 3.66 at the previous sale last month.
$1 = 109.8600 yen Reporting by Tokyo Markets Team; Editing by Aditya Soni