May 25, 2018 / 6:33 AM / in 5 months

JGBs steady to slightly firmer after Trump cancels N.Korea summit

TOKYO, May 25 (Reuters) - Japanese government bond prices were steady to slightly firmer on Friday after U.S. President Donald Trump called off a key summit with North Korea, though trading was limited with few investors eager to buy at current levels.

Trump warned that the U.S. military was ready in the event of any reckless acts by North Korea, but Pyongyang’s measured response soothed nervers.

Ten-year JGB futures rose 0.08 point to 150.91, with a trading volume of 25,845 lots, while the 10-year JGB yield was flat at 0.040 percent.

The five-year JGB yield was flat at minus 0.115 percent.

The 30-year JGB yield fell 0.5 basis point to 0.740 percent, and the 40-year yield dropped 0.5 basis point to 0.880 percent. (Reporting by Tokyo Markets Team, Editing by Sherry Jacob-Phillips)

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