JGB 20-year yield hits 8-month high after Japan election

TOKYO Sun Dec 16, 2012 8:33pm EST

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TOKYO Dec 17 (Reuters) - The yield on 20-year Japanese government bonds rose to its highest level in almost eight months on Monday, a day after the Liberal Democratic Party, which favours aggressive monetary easing and more spending, returned to power by winning an election for parliament's lower house.

The 20-year yield rose to 1.710 percent, its highest level since April 27.

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