The yield on Chinese government bonds rose as risk appetite was boosted by the Sino-US trade talks.

The yield on Japanese government bonds rose on Monday as signs of progress in US-China trade talks boosted investor risk appetite, prompting a sell-off in safe-haven assets. The yield on Japan's 10-year government bonds touched 1.4%, the highest since April 10, and closed at 1.38%, up 3 basis points from the previous trading day. Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management, said, "Investor risk appetite has increased after seeing signs of progress in US-China trade talks." "The market has yet to see progress in Japan-US talks, but the fate of US-China talks is crucial."