TOKYO — Japanese government bond yields rose on Friday, tracking US Treasury yields higher, while stronger domestic equities market also dimmed demand for save-haven debt.
The 10-year JGB yield rose one basis point to 0.080%, while the 20-year JGB yield rose 1.5 basis points to 0.460%.
US Treasury yields rose overnight after the US Senate’s approval of legislation to temporarily raise the federal government’s debt limit to avoid a potential default.
On Friday Japanese stocks rose for a second day, tracking Wall Street.
The 30-year JGB yield rose 1.5 basis points to 0.690% and the 40-year JGB yield rose 1 basis point to 0.775%.
The two-year JGB yield rose 0.5 basis point to minus 0.120% and the five-year yield rose 0.5 basis point to minus 0.085%.
Benchmark 10-year JGB futures fell 0.08 point to 151.32, with a trading volume of 23,493 lots.
(Reporting by Tokyo markets team; Editing by Simon Cameron-Moore)