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JGB futures hit 7-mth low as investors dump bonds

Thu May 22, 2008 10:15pm EDT

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.

Bonds  |  Global Markets

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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