IST: Benchmark bond yield rises as U.S. Treasury yields advance Q
TOKYO, Apr. 6, 2011 (Kyodo News International) -- The yield on the benchmark 10-year Japanese government bond rose Wednesday on selling induced by a rise in U.S. Treasury yields.
The yield on the No. 313, 1.3 percent issue, the main barometer of long-term interest rates, ended interdealer trading up 0.020 percentage point from Tuesday's close at 1.290 percent.
The yen's weakness against the U.S. dollar and the euro boosted views that it would support the Japanese economy, also spurring bond-selling, brokers said.
The price of the June futures contract for 10-year bonds slipped 0.29 point to 138.98 on the Tokyo Stock Exchange.
