Gov't bond futures prices up on bargain-hunting.
Prices of 10-year government bond futures rose slightly Tuesday, as investors bought back bonds on dips after bond prices had dropped sharply during the day.
The price of the March futures contract for 10-year bonds rose 0.02 point to 127.73, sending the yield down 0.002 percentage point to 2.526%.
The price of the March futures contract fell to as low as 127.01 in afternoon trading, with investors waiting to buy back bonds, brokers said.
In interdealer trading, the yield on the No. 214 10-year, 1.8% bond remained high, standing at 1.930%, up 0.005 percentage point from Monday.
The yield on the benchmark 10-year bond closed above 1.900% Monday for the first time in almost six months, boosted by growing expectations of an early economic recovery in Japan.
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|Comment:||Gov't bond futures prices up on bargain-hunting.|
|Publication:||Japan Weekly Monitor|
|Date:||Aug 23, 1999|
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