TOKYO, April 24 Japanese government bond prices
dipped on Monday as the market's favoured candidate won through
the first round of the French presidential election and after
the Bank of Japan trimmed its purchase in three to five-year
The 10-year JGB yield ticked up 1 basis point to 0.020
percent while the 20-year JGB yield also rose 1
basis point to 0.555 percent.
Last week, yields fell to their lowest levels since last
year, as uncertainty over the French election and worries about
rising tensions over North Korea fuelled safe-haven bids.
In France, centrist Emmanuel Macron took a big step toward
the presidency on Sunday by coming to the top in the first round
vote, qualifying for the May 7 runoff alongside far-right leader
Marine Le Pen.
The BOJ reduced its purchase of bonds with three to five
years left to maturity in its operation on Monday to 320 billion
yen ($2.9 billion) from the previous 350 billion yen.
As a result, those maturities were the weakest on the yield
curve, with five-year yield rising 1.5 basis points to minus
The benchmark 10-year JGB futures dropped 0.08 point
($1 = 110.12 yen)
(Reporting by Tokyo Markets Team; Editing by Sam Holmes)