1 Minute Read by Reuters Staff Reuters, TOKYO, July 2 – After strong demand at a 10-year paper auction the day before, Japanese government bond rates dipped on Friday, but investors were wary ahead of critical U.S. jobs data. The yield on the 10-year JGB declined one basis point to 0.040 percent, while the yield on the 20-year JGB fell one basis point to 0.415 percent. The 30-year JGB yield declined one basis point to 0.665 percent, while the 40-year JGB yield dropped 1.5 basis points to 0.735 percent. The two-year and five-year JGB yields were constant at minus 0.120 percent and minus 0.115 percent, respectively, on the shorter end. With a trading volume of 21,578 lots, benchmark 10-year JGB futures increased 0.08 point to 151.92. Investors are watching incoming payrolls statistics in the United States for hints on when the Federal Reserve will begin to reduce pandemic-era stimulus. (Editing by Ana Nicolaci da Costa; reporting by Tokyo markets team)/n
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