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JGB futures hit 5-week low on Treasuries sell-off

Thu Sep 20, 2007 8:14pm EDT

TOKYO, Sept 21 (Reuters) - Japanese government bond futures tumbled to a five-week low on Friday, tracking the sell-off in U.S. Treasuries this week after the Federal Reserve's aggressive half-point interest rate cut fanned worries about inflation.

Bonds

December 10-year futures 2JGBv1 slid as much as 0.61 point to 134.69, the lowest for the lead contract since Aug. 15. The benchmark 10-year yield JP10YTN=JBTC jumped 4.5 basis points to 1.670 percent, a five-week high and up 13 basis points this week.

Bonds


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