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JGB futures hit 3-month low as Nikkei rises

Thu Oct 16, 2008 9:46pm EDT

TOKYO, Oct 17 (Reuters) - Japanese government bond futures hit a three-month low on Friday, hurt by a rebound in the Nikkei share average a day after its worst fall since the 1987 crash.

Bonds

Traders said investors remained on the sidelines, afraid of being caught in unusually high volatility in the market. Trading volume was thin, exaggerating market movements, as a result.

The lead December 10-year JGB futures fell 0.30 point to 135.61 2JGBv1, their lowest since late July.

The Nikkei average .N225 rose 1.3 percent.

(Reporting by Rika Otsuka)

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