JGBs supported on BOJ easing speculation, futures hit 8-month high
TOKYO, Oct 2 (Reuters) - Japanese government bond prices were well supported on Friday, with benchmark futures hitting an eight-month high, supported by the prospect of more stimulus from the Bank of Japan.
Ten-year futures rose to as high as 148.40, the highest for the benchmark contract since late January, and last stood at 148.36, up 0.03 point on the day.
The benchmark 10-year cash bond yield fell 0.5 basis point to 0.320 percent.
Falls in Japanese share prices last month on growing concerns about slower growth in China raised speculation that the Bank of Japan might ease its policy as soon as this month.
(Reporting by Hideyuki Sano; Editing by Jacqueline Wong)
Terms and Privacy Policy