TOKYO, March 3 (Reuters) - Japanese government bond
(JGB) yields rose on Monday as market players awaited auctions
of 10- and 30-year bonds and comments from the Bank of Japan
deputy governor this week for rate-hike clues.
The 10-year JGB yield rose 3 basis points
(bps) to 1.4%. The two-year JGB yield rose 1.5
bps to 0.82% and the five-year JGB yield rose 3.5
bps to 1.035%.
"The yields have been on upward trend, and when there is no
positive market-moving catalyst, they tend to rise," said Miki
Den, senior Japan rate strategist at SMBC Nikko Securities.
The Ministry of Finance will conduct the 10-year bond
auction on Tuesday and the 30-year bond auction on Thursday.
BOJ Deputy Governor Shinichi Uchida, who orchestrated the
central bank's ultra-easy monetary policy in the past, could
throw light on the central bank's path for rate hikes when he
speaks on Wednesday, strategists said.
The 20-year JGB yield rose 1.5 bps to
2.045%.
The 30-year JGB yield rose to 2.365%, its
highest since October 2008, before trading flat at 2.355%.