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JGB futures hit 2-½ year high as Fed measures doubted

Wed Mar 12, 2008 9:44pm EDT
 
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TOKYO, March 13 (Reuters) - Japanese government bond futures hit a fresh 2-½ year high on Thursday, following a rise in U.S. Treasuries overnight on growing doubts about whether the Federal Reserve's latest steps will help ease credit market strains.

June 10-year futures 2JGBv1 rose as high as 139.80, up 0.36 point and the highest since September 2005.

A nearly 2 percent drop in the Nikkei share .N225 average also supported the JGB market. (Reporting by Chikako Mogi)

 

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