Key 10-year JGB yield rises ahead of 10-year bond auction+
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[August 04, 2008]

Key 10-year JGB yield rises ahead of 10-year bond auction+

(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Aug. 5_(Kyodo) _ The yield on the benchmark 10-year Japanese government bond rose Tuesday morning ahead of the 10-year bond auction the same day.

In interdealer trading, the yield on the No. 294, 1.7 percent issue gained 0.020 percentage point from Monday's close to 1.515 percent.

The price of the key September futures contract for 10-year bonds lost 0.16 point to 136.85 on the Tokyo Stock Exchange.


Bond-selling was also sparked due to caution over possible overheating of the market, following active buying the previous day that sent the yield to its lowest level in three months, brokers said.

Copyright ? 2008 Kyodo News International, Inc.

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