JGB futures hit 7-mth low as investors dump bonds

Thu May 22, 2008 10:15pm EDT
 
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TOKYO, May 23 (Reuters) - Japanese government bond futures hit a seven-month low on Friday as more investors shed their exposure to the debt on nervousness that high volatility in the market could further hurt their books.

June futures ended the morning session at the day's low of 134.21 2JGBv1, the lowest since October 2007 and down 1.21 points on the day.

The 10-year JGB yield jumped 8 basis points to 1.735 percent, a seven-month high, while the five-year yield climbed 9.5 basis points to 1.300 percent. (Reporting by Satomi Noguchi)

 
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