May 17, 2019 / 4:41 AM / 10 days ago

JGBs sag on rebounding Tokyo stocks, weaker U.S. Treasuries

TOKYO, May 17 (Reuters) - Japanese government bond prices fell on Friday as Tokyo stocks rebounded, hurting demand for debt, while overnight weakness in U.S. Treasuries also weighed on sentiments.

The five-year and 10-year JGB yields rose half a basis point each to minus 0.170% and minus 0.060%, respectively.

The 30-year yield climbed 1 basis point to 0.520%.

The JGB market showed little response to comments by Bank of Japan Governor Haruhiko Kuroda, who said on Friday that the central bank must maintain low interest rates for a long period in order to meet its price target.

The Nikkei rose more than 1%, led by rallies in Sony and technology shares.

U.S. Treasuries prices fell on Thursday, pushed down by strong U.S. economic data and a bounce by Wall Street shares. (Reporting by the Tokyo markets team; Editing by Shreejay Sinha)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below