JGB futures slide after weak 10-yr auction

Wed May 7, 2008 11:53pm EDT
 
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TOKYO, May 8 (Reuters) - Japanese government bond 10-year futures slid on Thursday after the results of a closely watched 10-year bond auction came in weaker than expected. June 10-year JGB futures fell as low as 135.23 2JGBv1, down 0.24 point on the day and below the morning session close of 135.53. The current 291st 10-year JGB yield rose 1.5 basis points to 1.680 percent JP10YTN=JBTC, matching a seven-month high hit the previous day. (Reporting by Masayuki Kitano)

 
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