March 5, 2020 / 6:03 AM / 24 days ago

JGB futures trim losses after 30-year bonds see strong demand

TOKYO, March 5 (Reuters) - Japanese government bond futures narrowed losses on Thursday after an auction of 30-year bonds saw solid demand, suggesting investors will continue to seek government debt as a safe-haven amid the coronavirus outbreak.

Benchmark 10-year JGB futures fell 0.06 point to 154.09, with a trading volume of 33,816 lots.

The 10-year JGB yield rose 1.5 basis points to minus 0.130%.

The 20-year JGB yield rose 2.5 basis points to 0.200%.

The 30-year JGB yield rose 2.5 basis points to 0.335%, while the 40-year JGB yield rose 2.5 basis points to 0.350%.

The five-year yield rose 1.5 basis points to minus 0.255%.

At the short end of the curve, the two-year JGB yield rose 1.5 basis points to minus 0.265%. (Reporting by the Tokyo markets team; Editing by Vinay Dwivedi)

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