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Key 10-year JGB yield hits 3-week low on dip-buying, smooth auction+
TOKYO, Nov. 12 (AP) - (Kyodo)—The yield on the benchmark 10-year Japanese government bond fell Thursday to a three-week closing low on buying after recent declines in bond prices and relief from a smooth five-year bond auction the same day.
The yield on the No. 303, 1.4 percent issue, a key indicator of long- term interest rates, ended interdealer trading down 0.055 percentage point from Wednesday's close to 1.370 percent. It was the lowest closing benchmark yield since Oct. 23.
The price of the key December futures contract for 10-year bonds gained 0.63 point to 138.49 on the Tokyo Stock Exchange.
