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Benchmark JGB yield ends flat at 0.875%.

TOKYO, Oct. 14 Kyodo

The yield on the benchmark 10-year Japanese government bond ended flat on Thursday as buying on hopes for monetary easing and relief after a bond auction offset initial selling following sharp stock gains that reduced demand for safer assets.

The yield on the No. 311, 0.8 percent issue, the main barometer of long-term interest rates, ended interdealer trading unchanged from Wednesday's close at 0.875 percent.

The price of the December futures contract for 10-year bonds gained 0.01 point to 143.92 on the Tokyo Stock Exchange.

The yield rose earlier in the day as the Nikkei stock index rose sharply but buybacks of government bonds set in as a strong yen fed expectations for further monetary easing by the Bank of Japan and a 30-year bond auction went smoothly, traders said.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Oct 18, 2010
Words:138
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