(Source: Jiji Press English News Service)
Tokyo, Jan. 5 (Jiji Press)--Japanese government bond prices fell Monday, the first session for 2009, due to higher stock prices in Japan and the United States.
In futures trading on the Tokyo Stock Exchange, the benchmark March contract on 10-year JGBs finished the half-day session at 139.83, down 0.29 point from Tuesday, the final trading day for 2008. Volume came to 8,657 contracts, against 12,321 in Tuesday's half-day session.
In interdealer trading in cash bonds, the yield on the latest, 297th issue of 10-year JGBs with a 1.4 pct coupon stood at 1.195 pct late in the morning, up from 1.165 pct on Tuesday.
JGBs met with selling in thin trading as the Japanese and U.S. stock prices rose after the turn of the year on hopes for U.S. economic-stimulus measures.
On Friday, the Dow Jones industrial average closed above 9,000 for the first time since Nov. 5. On Monday, the 225-issue Nikkei average marked the first close above 9,000 since Nov. 10.END
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