JGB futures hit 4-mth high on rise in Treasuries

Mon Aug 4, 2008 1:40am EDT
 
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TOKYO, Aug 4 (Reuters) - Japanese government bond futures hit a four-month high on Monday, as U.S. Treasuries rose late last week after weaker stocks, higher oil prices and a rise in U.S. unemployment spurred safe-haven buying of government debt.

JGB futures also received support from a 1 percent slide in the Nikkei stock average .N225.

Futures had been weaker earlier in the day as investors sold bonds before a 10-year JGB auction on Tuesday.

September 10-year JGB futures rose as high as 136.95 2JGBv1, up 0.23 point on the day and their highest since late April.

 
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