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Ultralong JGBs spiral to record lows; zero yield feared

TOKYO -- Yields on 20- and 30-year Japanese government bonds sank to new lows Monday as investors flocked to the safe-haven asset after the U.K. voted to leave the European Union last week.

The benchmark yield on 20-year JGBs slid to 0.08%, while the figure for 30-year bonds dropped to 0.095%. The yield on 10-year debt temporarily fell back to its record low of negative 0.215% reached at the end of last week.

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