2 Minute Read by Reuters Staff (Reuters) – TOKYO, July 9 (Reuters) – On Friday, the yield on 10-year Japanese government bonds remained steady, as investors remained cautious after the yield fell to a six-month low the previous day on substantial advances in global bond prices. Following a drop in US yields and as Japan issued its fourth state of emergency for Tokyo to combat a new wave of coronavirus illnesses, the 10-year JGB yield was flat at 0.025 percent, after falling to 0.020 percent on Thursday. During Friday’s Tokyo trading hours, US Treasury prices fell marginally due to profit-taking, with the yield on benchmark 10-year US Treasuries jumping as much as 5.1 basis points. The yield on the 20-year JGB increased by 0.5 basis point to 0.410 percent, while the yield on the 30-year JGB increased by 1.5 basis points to 0.670 percent. The yield on the 40-year JGB increased 1.5 basis points to 0.735 percent. The yield on two-year JGBs was constant at minus 0.120 percent, while the yield on five-year JGBs was likewise unchanged at minus 0.120 percent. With a trading volume of 29,770 lots, benchmark 10-year JGB futures lost 0.12 point to 152.22. Tokyo markets team contributed reporting; Emelia Sithole-Matarise edited the piece./n
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