2 Minute Read by Reuters Staff (Reuters) – TOKYO, July 15 (Reuters) – On Thursday, Japanese government bond yields fell in lockstep with US Treasury yields, with 20-year JGB yields hitting an almost seven-month low. A well-received sale of three-month T-bills and a smooth liquidity-enhancing auction of JGBs with one to five years left to maturity also improved sentiment at the margin. The yield on the 20-year JGB fell 1.5 basis points to 0.385 percent, the lowest since December 25, while the yield on the 10-year JGB fell 0.5 basis point to 0.010 percent. With a trading volume of 13,683 lots, benchmark 10-year JGB futures increased 0.04 point to 152.34. In Asia, ten-year Treasury yields fell to 1.3290 percent, following a 6.58 basis-point decrease overnight, after Federal Reserve Chair Jerome Powell dismissed indications of rising inflation this week, saying that reduction of stimulus is “still a ways off.” The yield on the 30-year JGB dropped 1.5 basis points to 0.650 percent, while the yield on the 40-year JGB decreased 1 basis point to 0.730 percent. The yield on two-year JGBs remained constant at minus 0.130 percent, while the yield on five-year JGBs remained unchanged at minus 0.125 percent. (The Tokyo markets team contributed reporting; Shailesh Kuber edited the piece.) )/n
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