Japan gov't bond futures prices up on dip-buying.TOKYO, Oct. 15 Kyodo
Prices of 10-year Japanese government bond futures closed higher Tuesday for the fifth straight session as investors bought long-term cash bonds on dips.
The price of the 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 gained 0.33 point from Friday to 141.69 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 0.026 percentage point to 1.292%.
Japan's financial markets were closed Monday for a public holiday.
The market was bolstered by views that the government is not considering submitting a bill calling for a supplementary budget supplementary budget supplement n (Pol) → Nachtragshaushalt m or -etat m to an extraordinary Diet session convening Friday, traders said.
In interdealer trading, the yield on the No. 242 10-year, 1.2% government bond dropped 0.035 percentage point to 1.060%.