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Cash bonds, futures prices rise on weak Japanese stocks.


TOKYO, Nov. 16 Kyodo

Prices of 10-year Japanese government bonds and JGB JGB Jerry Garcia Band
JGB Japanese Government Bond
JGB Just Got Back
JGB J Geils Band
JGB JG Ballard (science fiction author) 
 futures rose Tuesday on favorable results of a 20-year bond auction the same day and a fall in Japanese stocks.

In interdealer trading, the yield on the key No. 264 November 10-year, 1.5 percent issue fell 0.020 percentage point from Monday to end the day at 1.465 percent.

The price of the benchmark December futures contract for 10-year bonds rose 0.20 point to 138.30 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.
, pushing the yield down 0.016 percentage point to 1.569 percent.

Bond prices move inversely to yields.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

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Publication:Japan Weekly Monitor
Date:Nov 24, 2004
Words:104
Previous Article:Dollar trades around mid-105 yen line on buybacks.
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