Japanese government bond prices rose on Thursday as gains by U.S. Treasuries and a slip in Tokyo’s Nikkei gave the debt market a boost.

The benchmark 10-year JGB yield plunged half a basis point to 0.31%. December 10-year JGB futures gained 0.07 point to 148.44.

U.S. bond prices ended a 4-day losing run and rose overnight in the wake of Wall Street’s decline.

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