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JGBs inch up as Trump virus news spurs risk aversion

Benchmark 10-year JGB futures rose 0.12 point to 152.17 while the yield on the 10-year cash JGBs fell 0.5 basis point to 0.015 percent. (Shutterstock)
Benchmark 10-year JGB futures rose 0.12 point to 152.17 while the yield on the 10-year cash JGBs fell 0.5 basis point to 0.015 percent. (Shutterstock)
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02 Oct 2020 03:10:20 GMT9
02 Oct 2020 03:10:20 GMT9

TOKYO: Japanese government bond prices mostly inched up on Friday after US President Donald Trump said he tested positive for COVID-19, further complicating an already tangled US election outlook.

Benchmark 10-year JGB futures rose 0.12 point to 152.17 while the yield on the 10-year cash JGBs fell 0.5 basis point to 0.015 percent.

The 20-year JGB yield fell 0.5 basis point to 0.395 percent while the 30-year yield was flat at 0.605 percent.

At the shorter end, the two-year JGB yield fell 0.5 basis point to minus 0.135 percent while the five-year yield was flat at minus 0.115 percent.

Trump said on Friday that he and First Lady Melania Trump had tested positive for the coronavirus and would immediately quarantine and begin the “recovery process.”

Reuters

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