JGBs nudge lower ahead of 10-year debt

Posted by 7Star Monday, February 1, 2010

Japanese government bonds fell modestly on Friday, with 10-year futures pulling back from a one-month high as market participants sold bonds to make room in their portfolios ahead of an upcoming debt sale. The yield curve steepened slightly as bond investors and dealers sold longer-dated paper ahead of next Tuesday's 2.2 trillion yen ($24.4 billion) 10-year JGB auction.

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