Cash bonds, futures prices end flat amid lack of fresh incentives.TOKYO, Nov. 24 Kyodo Both cash government bonds and bond futures were flat in Tokyo as investors refrained from active trading due to a lack of fresh incentives. The yield on the key No. 264 10-year, 1.5 percent issue ended unchanged at 1.400 percent from Monday Monday: see week. . The price of the benchmark December 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 inched up 0.01 point to 138.96 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. , with the yield closing unchanged at 1.514 percent. Japanese financial markets were closed Tuesday for a national holiday. On Monday, the yield on the key 10-year issue ended at an eight-month low on buying triggered by concern about the adverse effects of a rising yen. Bond prices move inversely to yields. |
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