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JGB yields fall as coronavirus risks cloud economic outlook

TOKYO, Nov 20 (Reuters) - Japanese government bond yields edged lower on Friday as an increase in domestic coronavirus cases to record levels fanned concerns that the economic outlook will deteriorate.

Earlier in the day, data showed that core consumer prices fell in October at their fastest annual pace in nearly a decade, heightening fears of a return to deflation for an economy still dealing with COVID-19.

Benchmark 10-year JGB futures rose 0.04 point to 152.22, with a trading volume of 15,813 lots.

The 10-year JGB yield was flat at 0.010%, and the 20-year JGB yield fell 0.5 basis point to 0.375%.

The 30-year JGB yield was flat at 0.630%.

At the long end of the curve, the 40-year JGB yield fell 1 basis point to 0.660%.

The five-year yield fell 0.5 basis point to minus 0.125%.

At the short end, the two-year JGB yield was flat at minus 0.150%. (Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)

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