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Yield on key gov't bond hits record intraday low in morning.

TOKYO, April 16 Kyodo

The yield on the key 10-year Japanese government bond briefly fell to a record intraday low Wednesday morning after the Bank of Japan said it will conduct open market operations to purchase government bonds.

In interdealer trading, the yield on the No. 248 10-year, 0.7% government bond fell 0.010 percentage point from Tuesday to end the morning at 0.650%, after falling to the record low 0.645%.

The price of the June futures contract for 10-year bonds rose 0.09 point to 143.24 on the Tokyo Stock Exchange, sending the yield down 0.007 percentage point to 1.170%.
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Publication:Japan Weekly Monitor
Date:Apr 21, 2003
Words:107
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