Key 10-year JGB yield hits 1-month intraday low in morning.
The yield on the benchmark 10-year Japanese government bond hit a one-month intraday low Friday morning in the wake of weaker-than-expected Japanese inflation and industry output data.
In interdealer trading, the yield on the No. 285, 1.7 percent issue fell 0.020 percentage point from Thursday's close to 1.630 percent. It briefly fell 0.025 percentage point to 1.625 percent, its lowest level since March 23.
The price of the key June futures contract for 10-year bonds rose 0.23 point to 134.31 on the Tokyo Stock Exchange, with the yield down 0.021 percentage point to 1.912 percent.
Weaker-than-expected readings for the consumer price index and industrial output data for March raised speculation that the Bank of Japan will not raise its key interest rates soon.
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|Publication:||Japan Weekly Monitor|
|Date:||Apr 30, 2007|
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