Gov't bond futures prices up for 2nd day.
Prices of 10-year Japanese government bond futures rose for the second straight day Thursday, with investors buying back bonds following early declines in bond prices.
The price of the December futures contract for 10-year bonds gained 0.06 point from Wednesday to 132.14, sending the yield down 0.005 percentage point to 2.108%.
In interdealer trading, the yield on the No. 225 10-year, 1.9% bond fell to 1.875%, down 0.005 percentage point.
The price of the December futures contract slipped below 132.00 following an announcement by the government that Japan's industrial output rose a seasonally adjusted 3.3% in August from the previous month, moderately better than market expectations.
Investors, however, bought back bonds in late trading in accordance with the downturn in Tokyo share prices, brokers said.
On the Tokyo Stock Exchange, the key 225-issue Nikkei Stock Average closed the day at 15,626.96, this year's closing low, after climbing as high as 15,888.35 in the morning session.
Market focus is now on Tuesday's announcement of the Bank of Japan's quarterly Tankan business confidence survey and Wednesday's bidding for 20-year government bonds, brokers said.
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|Publication:||Japan Weekly Monitor|
|Date:||Oct 2, 2000|
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