TOKYO, Jan 7 Reuters Japanese government bond prices slipped on Thursday, taking cues from a drop in U.S. Treasuries after Democrats won control of the U.S. Senate, clearing the way for Presidentelect Joe Biden to expand stimulus and infrastructure spending.
That offset any potential boost from rising domestic COVID19 infections, which forced the Japanese government to declare a state of emergency in greater Tokyo area.
Benchmark 10year JGB futures fell 0.15 point to 151.78, with a trading volume of 27,418 lots by late afternoon trade.
In the cash bond market, the 10year JGB yield rose 1 basis point to 0.035, its highest level in two months while the 20year yield rose 1 basis point to 0.405, a level last seen in midNovember.
The 30year JGB yield rose 1 basis point to 0.655.
At the shorter end, the twoyear yield rose 0.5 basis point to minus 0.120 while the fiveyear yield added 0.5 basis point to minus 0.105.
The 10year U.S. Treasuries rose to a 10month high of 1.054 on Wednesday.
Reporting by Tokyo Markets Team, Editing by Sherry JacobPhillips