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November 30, 2009

JGB futures pull back from 9-mth high before auction – Reuters- News

Filed under: Uncategorized — Tony Spann @ 7:34 am

TOKYO, Nov 30 (Reuters) – Japanese government bond futures inched down on Monday, pulling back from last week’s nine-month high, as JGBs took a breather from a recent rally ahead of this week’s auction of 10-year debt. The 10-year yield has fallen almost 15 basis points this month, its biggest monthly decline this year, as the yen’s surge has helped ease concerns about the impact of a potential debt supply increase by raising the prospects of further BOJ easing and deepening deflation, analysts said. Bank of Japan Governor Masaaki Shirakawa said on Monday that the central bank shared the government’s view that Japan was in moderate deflation and said the BOJ was always prepared to act promptly and decisively to ensure financial market stability. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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