Bond, futures prices rise on worries over economy.TOKYO, May 22 Kyodo Prices of 10-year Japanese government bonds and bond futures rose Thursday morning as investors bought bonds as a hedge against worries over Japan's economy. In trading between dealers, the yield on the No. 249 10-year, 0.6% government bond fell 0.005 percentage point from Wednesday to 0.565%. The price of the June futures contract Futures Contract An exchange traded agreement to buy or sell a particular type and grade of commodity for delivery at an agreed upon place and time in the future. Futures contracts are transferable between parties. for 10-year bonds rose 0.05 point to 144.23 on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. , sending the yield down 0.004 percentage point to 1.093%. |
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