Article: Japan bond prices climb on success of 10-year auction.

ABIX via COMTEX) -- The trend was for government bond prices to move up and for yields to move down on the Japanese bond market on 25 June 2002. Nomura Securities purchased Y405bn in new 10-year government bonds at the auction conducted by the Japanese Ministry of Finance. The bid-to-cover ratio for the auction was 9.45 points. The yield for the 10-year cash bond decreased by one basis point to 1.305. The price of the leading 10-year government bond futures contract increased by 0.08 of a basis point to 138.89. Hedge-selling activity for the new 10-year bonds was ...

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