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TOKYO, July 8 (Reuters) – Japanese bond prices tumbled on Monday, as good US employment data for June eased expectations of an aggressive cut in oil prices. interest by the Federal Reserve.
The ten-year JGB futures contract fell by -0.16 points to 153.80, with a trading volume of 14,727 lots.
The 10-year JGB yield rose 1.5 basis points to minus 0.155%.
The 20-year JGB yield rose 1 basis point to 0.205%, while that of the 30-year JGB rose 1.5 basis points to 0.345%.
In the short term, yields on two-year British government bonds increased 1 basis point to -0.205%.
US Treasury yields rose Friday in all areas after a larger than expected increase in non-farm payroll in the United States.
Analysts said the employment report, released in July, should not prevent the Fed from lowering interest rates, but that it has been reduced to 50 basis points.
Investors will scrutinize Fed Chairman Jerome Powell's comments when he presents his half-yearly monetary report to Congress on Wednesday and Thursday to determine how much the US central bank will lower interest rates. (Report by the Tokyo Market Team, edited by Rashmi Aich)
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