(Source: Jiji Press English News Service)
Tokyo, Jan. 6 (Jiji Press)--The benchmark Japanese government bond futures contract fell for a second straight day on Tuesday, the first full trading day of 2009, reflecting a slide in U.S. treasuries overnight and a rise in Tokyo stocks.
On the Tokyo Stock Exchange, the March contract on 10-year JGBs closed down 0.82 point at 139.01 after slipping below 139 at one stage.
Turnover came to 29,315 contracts, compared with 8,657 in Monday's half-day session, the first trading day of the year.
In late interdealer trading in cash bonds, the yield on the latest 297th issue of 10-year JGBs with a 1.4 pct coupon stood at 1.250 pct, up from 1.195 pct Monday morning.
A flurry of position adjustments hit longer-dated bonds in particular.
The 10-year yield rose back to reasonable levels, an official at a foreign securities house said.
Participants have kept a close eye on market reaction to a 10- year JGB auction set for Thursday, traders said.END
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