Ten-year JGB yields rise as stocks gain despite negative economic data

TOKYO, May 18 (Reuters) – Yields on benchmark 10-year Japanese government bonds (JGBs) rose on Tuesday as a sharp gain in Japanese equities hurt demand for safe-haven fixed income, while inventors weighed data showing Japan’s economy shrank more than expected.

* The 10-year JGB yield rose 0.5 basis point to 0.080%.

* Benchmark 10-year JGB futures fell 0.02 point to 151.4, with a trading volume of 9,474 lots.

* The 20-year JGB yield was unchanged at 0.440%.

* The 30-year JGB yield rose 0.5 basis point to 0.655%.

* The two-year and five-year bonds were untraded. * The 40-year JGB yield rose 0.5 basis point to 0.705%.

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