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JGB futures hit 4-mth high on bleak economic outlook

Tue Aug 5, 2008 9:32pm EDT

TOKYO, Aug 6 (Reuters) - Japanese government bond futures hit a four-month high on Wednesday as investors bought when prices dipped and dealers covered short positions, with worries about Japan's economic outlook continuing to support sentiment.

Bonds

September 10-year futures rose as high as 137.05 2JGBv1, up 0.30 point on the day and their highest since late April, after prices fell as low as 136.48 in early trade on hedging before a 10-year inflation-linked bond auction on Thursday. (Reporting by Chikako Mogi)



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