February 25, 2019 / 6:17 AM / 3 months ago

JGBs weaker across board as improving risk appetite curbs demand for debt

TOKYO, Feb 25 (Reuters) - Japanese government bond prices eased across the board on Monday, as U.S. President Donald Trump's latest tweets on Sino-U.S. trade talks fostered a risk-on mood among investors, curbing demand for safe-haven debt.

President Trump said on Sunday (early Monday in Tokyo) he would delay an increase in U.S. tariffs on Chinese goods thanks to "productive" trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.

Ten-year JGB futures eased 0.03 point to 152.87, retreating from its more than 2-1/2-year peak of 153.00 hit on Friday, though trading volume was thin 13,268 lots.

The benchmark 10-year cash JGB yield rose half a basis point to minus 0.040 percent, after hitting a seven-week low of minus 0.050 percent on Friday.

The the 20-year yield rose one basis point to 0.405 percent, while the 30-year yield added half a basis point to 0.580 percent. (Reporting by Tokyo Markets Team; Editing by Rashmi Aich)

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