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Key 10-year JGB yield rises on position adjustment before auction+
TOKYO, Nov. 4 (AP) - (Kyodo)—The yield on the benchmark 10-year Japanese government bond rose Wednesday as investors sold to adjust positions ahead of a 10- year bond auction slated for Thursday.
The yield on the No. 304, 1.3 percent issue, a key indicator of long- term interest rates, ended interdealer trading up 0.025 percentage point from Monday's close to 1.400 percent. Japanese markets were closed Tuesday for a national holiday.
The price of the key December futures contract for 10-year bonds lost 0.31 point to 137.96 on the Tokyo Stock Exchange.
Trading was cautious as the market awaited the results of the U.S. Federal Open Market Committee meeting later Wednesday, traders said.
