TOKYO, April 7 Japanese government bond prices
gained on Friday after the United States launched cruise
missiles against an airbase in Syria, sparking buying of
low-risk assets such as bonds.
The 10-year JGB yield fell 0.5 basis point to 0.050 percent
, matching a low last touched in February, while
the price of the 10-year JGB futures rose 0.18 point to 150.60
The U.S. attacks raised worries of further confrontations
with Russia, which has supported the Syrian government
throughout the country's civil war.
The military action against Syria comes at a time investors
have sensed a growing possibility that a large part of the
economic stimulus President Donald Trump has promised may take
time to be approved by Congress, and might be derailed.
The 10-year U.S. yield hit a 4 1/2-month low of 2.289
percent as investors looked to the U.S. payrolls
data and the meeting between Trump and Chinese leader Xi Jinping
later in the day.
A convincing fall below 2.3 percent in the 10-year U.S.
yield could spark a wave of short-covering by bond bears who
have bet on rising bond yields around the globe on the back of
solid economic growth.
(Reporting by Tokyo Markets Team; Editing by Richard Borsuk)