2 November 2005, 10:42  Japanese govt bonds end mixed ahead of local holiday

Japanese govt bonds end mixed ahead of local holiday, US jobs data Japanese government bond (JGB) prices ended mixed with many investors taking to the sidelines ahead of a public holiday tomorrow and before the release of employment data in the US on Friday, dealers said. The yield on the bellwether 20-year bond closed at 2.050 pct, down from 2.075 pct at the close yesterday, while the yield on the lead five-year debt rose to 0.885 pct from 0.880 pct. The yield on the benchmark No 273 10-year bond was at 1.570 pct, unchanged from late yesterday. Bond prices move inversely to yields. The 10-year bond futures contract was at 136.73 yen, compared to 136.72 yen late yesterday. Okasan Securities strategist Akitsugu Bando noted that most players were unwilling to make aggressive bets ahead of a national holiday tomorrow and US nonfarm payrolls data due Friday.

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