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JGB 10-year yield hits 7-½ month low

Tue Dec 2, 2008 12:11am EST

TOKYO, Dec 2 (Reuters) - Japanese government bond 10-year yields fell to their lowest levels in 7-½ months, as JGBs extended their gains after an auction of 10-year bonds drew solid demand. The 296th 10-year JGB yield fell 5.5 basis points at one point to a low of 1.345 percent JP10YTN=JBTC, the lowest level for 10-year JGB yields since mid-April.

Bonds

December 10-year JGB futures rose as high as 139.90 2JGBv1, up 0.51 point from the previous day. (Reporting by Masayuki Kitano)



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