July 18, 2019 / 4:36 AM / 5 months ago

JGBs gain as sliding stocks boost demand for safe-haven bonds

TOKYO, July 18 (Reuters) - Japanese government bond (JGB) prices gained on Thursday as a slide in Tokyo shares boosted investor demand for safe-haven debt.

JGBs were also supported by stronger U.S. treasuries, which gained on soft housing data and concerns about the unresolved trade spat between Washington and Beijing.

The five-year JGB yield fell 1.5 basis points to minus 0.230% and the benchmark 10-year yield declined by 1 basis point to minus 0.140%.

The 30-year yield was down 1 basis point at 0.360%.

Japan’s Nikkei sank roughly 2% to a three-week low as revived worries about the Sino-U.S. trade conflict took a toll on global equity markets. (Reporting by the Tokyo markets team)

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