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JGBs drop after US, euro zone bonds slide on ECB

Thu Jun 5, 2008 8:12pm EDT

TOKYO, June 6 (Reuters) - Japanese government bond prices dropped on Friday after U.S. Treasuries and euro zone bonds slid the previous day as the European Central Bank shocked markets by saying it may raise interest rates as soon as July.

Bonds

JGB futures fell to 134.15 2JGBv1, dropping more than a full point.

The lead three-month euroyen futures contract fell by as much as 10.5 basis points to 98.855 JEYv1. (Reporting by Masayuki Kitano)



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