TOKYO, April 14 (Reuters) – Japanese government bond prices edged lower on Tuesday after U.S. bond prices sagged on optimism that the coronavirus epidemic in the United States is nearing its peak.
Benchmark 10-year JGB futures dipped 0.04 point to 152.22, but trade has remained slow with volume reaching just 6,400 lots, about a quarter of the average since last year.
Some market players link the low trading volumes to the increase in the number of market players working from home.
The 10-year JGB yield edged up 0.5 basis point to 0.005%, while the 20-year yield rose 1.5 basis points to 0.340%.
The 30-year and 40-year yield also rose 1 basis point each to 0.455% and 0.475% respectively.
U.S. bonds yields rose a tad on Monday on rising hopes about re-opening the economy after weeks of restrictions to fight the virus. New York Governor Andrew Cuomo said the worst may be over for his state in terms of the pandemic. (Reporting by Tokyo Markets Team, Editing by Sherry Jacob-Phillips)
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