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JGBs dive on weak US bonds, 10-yr yield hits 3-month high
March 14, 2012 / 11:58 PM / 6 years ago

JGBs dive on weak US bonds, 10-yr yield hits 3-month high

TOKYO, March 15 (Reuters) - Japanese government bond prices dived on Thursday after a big fall the previous day, tracking heavy losses in U.S. Treasuries amid a brightening outlook for the U.S. economy.

The 10-year JGB futures fell to as low as 141.29, down 0.64 point from Wednesday’s close, while the yield on the benchmark cash 10-year bonds jumped 4.5 basis point to hit three-month high of 1.050 percent.

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