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CORRECTED-JGB futures rise over full point on rate cut talk

Tue Oct 28, 2008 11:58pm EDT

(Repeats to cover corrected alert)

Bonds  |  Global Markets

TOKYO, Oct 29 (Reuters) - Japanese government bond futures rose more than a full point on Wednesday on reports that the Bank of Japan was considering cutting interest rates at its policy meeting on Friday.

December JGB futures 2JGBv1 rose as much as 1.18 points to 138.43 before easing to 138.39, up 1.14 points on the day.

The benchmark 10-year yield declined 6.5 basis points to 1.455 percent JP10YTN=JBTC. (Reporting by Shinichi Saoshiro)

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