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JGB futures fall over full point on weak auction

Mon Mar 31, 2008 11:57pm EDT
 
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TOKYO, April 1 (Reuters) - Japanese government bond futures fell more than a full point on Tuesday as a weaker-than-expected 10-year debt auction prompted market players to dump bonds.

June futures fell 0.82 point to 139.70 2JGBv1 after falling as low as 139.35, down 1.17 point on the day.

The benchmark 10-year yield jumped 5.5 basis points to 1.330 percent <JP10YTN=JBTC>, moving away from a three-year low of 1.215 percent struck last week.

(Reporting by Rika Otsuka)

 

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