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Cash bonds, futures prices fall after Tokyo stocks rise.

TOKYO, April 26 Kyodo

Prices of 10-year Japanese government bonds (JGBs) and JGB futures fell Monday on selling prompted by rises in Tokyo stocks that led the key Nikkei stock index to close at a 32-month high.

In interdealer trading, the yield on the key No. 259 10-year, 1.5% government bond issue rose 0.015 percentage point from Friday to 1.515%.

The price of the benchmark June futures contract for 10-year bonds fell 0.16 point to 137.39 on the Tokyo Stock Exchange, sending the yield up 0.013 percentage point to 1.645%.

Bond prices move in the opposite direction of yields.
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Publication:Japan Weekly Monitor
Date:May 3, 2004
Words:106
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