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Gov't bond futures prices move up.

TOKYO, Oct. 29 Kyodo Prices of 10-year government bond futures moved up Friday, as investors bought back bonds following a decline in bond prices in early trading.

The price of the March futures contract for 10-year bonds rose 0.58 point to 130.93, sending the yield down 0.054 percentage point to 2.220%.

In interdealer trading, the yield on the No. 217 10-year, 1.8% bond stood at 1.800%, down 0.055 percentage point from Thursday.

The price of the March futures contract fell to as low as 129.83 in the morning session, dragged down by a sharp gain in Tokyo stock prices.

Investors bought back bonds in the afternoon, leading the price of the March futures contract to as high as 131.03, brokers said. The price topped 131.00 for the first time since Oct. 19, when it hit 131.02 before closing at 130.95.

Brokers said they expect bond prices will continue being affected by movements in the stock market and the foreign exchange market next week.
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Publication:Japan Weekly Monitor
Date:Nov 1, 1999
Words:175
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