TOKYO, March 31 (IFR) - JGB prices ended the Monday morning
session slightly lower as shares rose, though trading volume was
limited as domestic financial institutions have to close their
books today for the fiscal year.
Investors and dealers were seen reluctant to buy ahead of
tomorrow's monthly 10-yr JGB auction and the ensuing new issue
rush in the domestic bond market at the beginning of the new
fiscal year starting tomorrow.
The benchmark 10-year JGB futures dipped 0.06 to
144.70. The current 10-year cash JGB yield rose 1.0 basis point
to 0.635 percent. The five-year yield rose 0.5
basis point to 0.200 percent.
The market showed limited response to data showing
industrial production fell 2.3 percent in February from previous
month, well below market expectations for a 0.3 percent rise.
(Reporting by Masatsugu Hisatsune; Editing by Kim Coghill)