Gov't bond futures prices turn downward+.
Prices of 10-year Japanese government bond futures turned downward Tuesday on position adjustment following Monday's gain.
The price of the June futures contract for 10-year bonds fell 0.03 point to 132.65, sending the yield up 0.002 percentage point to 2.061%. The price gained 0.28 point the previous day.
In trading between brokers, the yield on the No. 222 10-year, 1.8% bond fell to 1.730%, down 0.005 percentage point from Monday.
Trading was sluggish throughout the day, with investors remaining reluctant to take clear positions ahead of a five-day market break in Japan, brokers said.
Tuesday is the last trading day in Tokyo this week due to Japan's Golden Week holiday season, and the market will open again Monday.
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|Comment:||Gov't bond futures prices turn downward+.|
|Publication:||Japan Weekly Monitor|
|Date:||May 8, 2000|
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