JGBs dip as sentiment improves; Tokyo shares hit four-month highs

TOKYO, April 15 (Reuters) – Japanese government bond prices slipped on Monday, tracking falls in U.S. Treasury prices, and as a rise in Tokyo equities reduced the safe-haven appeal of debt. The benchmark 10-year JGB yield rose two basis points to minus 0.035 percent. The 20-year yield also climbed two basis points, to 0.370 percent, while the 30-year yield gained 2.5 basis point to 0.540 percent. Ten-year JGB futures dipped 0.20 point to 152.64, hovering close to a more than five-week low, with a trading volume of 20,533 lots by late afternoon trade. Japan’s benchmark Nikkei share average and the broader Topix both touched four-month highs on Monday, boosted by a surge in global equities and a weaker yen. U.S. Treasury yields rose to three-week highs on Friday as investors put money into riskier assets on easing concerns about global economic growth. (Reporting by Tokyo Markets team; Editing by Rashmi Aich)

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