TOKYO, April 10 Japanese government bond prices
fell on Monday from a one-month high hit in the previous
session, as U.S. Treasuries retreated after a Fed official said
the central bank's plan to shrink bond portfolio would not
significantly delay interest-rate hiking cycle.
The 10-year JGB futures dropped 0.04 point to
150.56, while the yield on the benchmark cash 10-year JGB rose
0.5 basis point to 0.050 percent.
U.S. bond yields jumped on Friday following U.S. missile
attacks in Syria and weaker-than-expected payroll data.
Many market players attributed the rise to comments from New
York Federal Reserve President William Dudley, who said the U.S.
central bank's plan to shrink its bond portfolio this year would
not significantly delay its interest rate-hiking cycle.
The JGB yield curve steepened slightly as yields on
longer-dated rose slightly more than shorter ones.
The 30-year JGB yield rose 1.0 basis point to 0.840 percent
while the two-year yield was flat at minus 0.220
(Reporting by Tokyo Markets Team)