TOKYO May 8 Japanese government bond prices
edged lower on Monday, weighed down by a rally in Tokyo stocks
to 17-month highs after centrist Emmanuel Macron's resounding
victory in French presidential election.
June 10-year JGB futures slipped 0.11 point to
The benchmark 10-year JGB yield and the
30-year yield each rose 1.5 basis points to 0.030
percent and 0.805 percent, respectively.
Caution towards Tuesday's 10-year bond auction and soft
results to the Bank of Japan's regular long-term debt purchasing
operation also nudged JGB yields higher.
Japan's finance ministry will offer 2.3 trillion yen
($20.42 billion) of 10-year JGBs on Tuesday.
With investor risk appetite boosted following Macro's win in
France, Japan's Nikkei closed 2.3 percent higher after
rising to its highest level since December 2015.
($1 = 112.6400 yen)
(Reporting by the Tokyo markets team; Editing by Subhranshu