TOKYO, Oct. 18 (Reuters) – Japanese government bond yields rose on Monday, following higher U.S. Treasury yields, as caution ahead of a 20-year JGB auction weighed on bond prices .
The 10-year JGB yield rose one basis point to 0.085% and the 20-year JGB yield gained one basis point to 0.470%.
The increases followed a 5.5 basis point jump on Friday in the benchmark 10-year Treasury yield to 1.574%, over fears that supply constraints – seen in shortages of motor vehicles and other goods – won’t disrupt the holiday shopping season in the United States. .
JGB investors were awaiting Tuesday’s 20-year auction, a market player said.
The 30-year JGB yield increased by one basis point to 0.695%, while the 40-year JGB was not traded and its yield remained at 0.755%.
The two-year JGBs were also not traded and the yield remained at minus 0.120%.
The five-year yield increased one basis point to minus 0.075%.
Benchmark 10-year JGB futures fell 0.17 points to 151.28, with volume traded at 18,204 lots. (Reporting by Tokyo Markets Team; Editing by Catherine Evans)