TechFlow, May 12 — Japanese government bond yields rose Monday, as signs of progress in China-U.S. trade talks boosted investor risk appetite and triggered a sell-off in safe-haven assets. The yield on Japan's 10-year JGB touched 1.4%, the highest since April 10, and last stood at 1.38%, up three basis points from the previous trading session.
"Investor risk appetite improved after seeing signs of progress in the China-U.S. talks," said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management. "The market has yet to see progress in Japan-U.S. talks, but the outcome of the China-U.S. talks is important."
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