TOKYO, April 1 (Reuters) – Japanese government bond prices dipped on Monday as Tokyo shares extended gains and ahead of a 10-year debt auction in the following session.

Ten-year JGB futures eased 0.12 point to 153.16, with a trading volume of 21,211 lots.

The benchmark 10-year cash JGB yield rose 1 basis point to minus 0.085 percent. On Thursday, the key 10-year yield hit minus 0.100 percent, its lowest level since August 2016.

In the super-long zone, the 20-year and the 40-year yields rose 2 basis point each to 0.350 percent and 0.575 percent, respectively, while the 30-year yield climbed 2.5 basis point to 0.520 percent.

Japan’s Nikkei share average gained 1.4 percent as Sino-U.S. trade hopes and brisk Chinese manufacturing surveys lifted China-related stocks.

The market was unmoved by the Bank of Japan’s tankan survey, showing the country’s business mood slumped to a two-year low in the January-March quarter. (Reporting by Tokyo Markets Team; Editing by Rashmi Aich)

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