November 13, 2019 / 6:45 AM / a month ago

JGBs rise on doubts over U.S.-China trade talks

TOKYO, Nov 13 (Reuters) - Japanese government bond prices rebounded slightly on Wednesday as U.S. President Donald Trump offered no signal of tangible progress in U.S.-China trade talks to end a trade war that has beset financial markets.

Benchmark 10-year JGB futures rose 0.19 point to 152.78, having found some support near Friday’s six-month low of 152.55.

The 10-year JGB yield fell 1 basis point to minus 0.050%, off seven-month high of minus 0.030% touched on Tuesday, while the 20-year JGB yield fell 0.5 basis point to 0.315%.

The 30-year JGB yield fell 1 basis point to 0.470%.

The yield curve steepened slightly as short-term yields fell more than longer ones.

The two-year JGB yield fell 2 basis points to minus 0.195% while the five-year yield fell 1.5 basis points to minus 0.180%. (Reporting by Tokyo Markets Team; Editing by Rashmi Aich)

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