JGB futures hit 2-mth high on credit jitters, Nikkei

Thu Jul 10, 2008 11:58pm EDT
 
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TOKYO, July 11 (Reuters) - Japanese government bond futures rose to a two-month high on Friday, extending a three-day rising streak as Tokyo shares slid and investors continued to shift funds to the safe-haven debt on persistent worries about the financial sector.

September futures rose by as much as 0.32 point to 136.42, the highest since May 12, before retreating to 136.37 2JGBv1, up 0.27 point on the day.

The benchmark 10-year yield JP10YTN=JBTC extended its fall to 1.555 percent, down 2 basis points on the day and a two-month low. (Reporting by Satomi Noguchi)

 
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