JGB futures hit 6-week high, boosted by Treasuries

(Reuters) - Treasuries rallied on Friday after investors became
increasingly nervous that subprime mortgage losses would spread
to other markets and eventually shave economic growth.




Still, expectations remained that the Bank of Japan will
raise interest rates to a 12-year high of 0.75 percent from the
current 0.5 percent, and this was likely to limit further gains
in JGBs.


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JGB futures inch up on Treasuries,eyes on 5yr offer

(Reuters) - "There aren't many factors to speak of other than
Treasuries," said Takafumi Yamawaki, fixed income strategist for
Morgan Stanley.




"But with a five-year bond auction looming, I don't think
gains in JGBs will pick up much steam, at least in the morning
session," Yamawaki said.


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JGBs fall, hit by weak Treasuries, 10-year sale

(Reuters) - Traders said they were looking at the U.S. bond market for
direction as JGB prices were expected to move in narrow ranges
ahead of next week's policy meeting by the Bank of Japan, having
digested key data, the auction and speeches by BOJ officials.




"Sluggish demand for the new 10-year issue has weighed on
sentiment, at least in that sector, as the paper is seen as
expensive relative to other maturities," said Kenro Kawano, a
fixed income strategist at Credit Suisse.
The 10-year JGB sale on Tuesday drew lower-than-expected
demand from dealers despite a 1.9 percent coupon, which was the
highest since August, because dealers had wanted a re-opening of
the No. 286 1.8 percent issue to ease their shortage in the repo
market.


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JGBs fall as overseas bond prices drop, auction eyed

(Reuters) - Expectations that the BOJ will boost interest rates to a
12-year high of 0.75 percent from the current 0.50 percent in the
July-September quarter have weighed on JGBs, with September
futures striking a seven-year low last week.




The market now sees the BOJ as most likely to lift rates in
August.


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JGBs dip on BOJ rate worries, 5-year auction eyed

(Reuters) - JGBs had been sold heavily since late May on a rapid rise in
overseas yields triggered by expectations for solid global growth
and tighter monetary policies to ward off price pressures,
compounding concerns of a BOJ rate hike as soon as August.




The market's focus on Tuesday is the Ministry of Finance's
auction of 2 trillion yen in five-year notes.


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JGB futures tumble to 10-mth low on BOJ rate worry

(Reuters) - JGB gains in early trade were met with a wave of selling by
speculative accounts as well as dealers who rushed to dump long
positions as market players have been rattled by the possibility
of a BOJ rate rise as soon as August.




A rebound in the Nikkei share average into positive
territory after early losses also soured sentiment and gave
investors more reason to sell JGBs, driving two-year yields up
further to a decade-high 1.030 percent.


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JGB 2-year yield scales decade-high on rate worries

(Reuters) - A steady rise in U.S. and euro zone government bond yields
helped fuel concerns the BOJ could raise rates to a 12-year high
of 0.75 percent as soon as August from the current 0.50 percent.




Ten-year JGB futures recovered from a 10-month low hit
earlier in the session as dealers covered short positions,
thinking that the sell-off over the past two weeks may have been
overdone, but gains were limited due to persistent rate worries.


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JGBs inch up on Treasuries, futures off 9-month low

(Reuters) - JGBs had been sold off heavily over the past two weeks in
line with a steady rise in yields on euro zone government bonds
and Treasuries, and as solid Japanese jobs and production data
reinforced the view that the Bank of Japan may hike rates as
early as August.




The benchmark 10-year yield scaled the key 1.8 percent mark
on Monday, a seven-month high, while the five-year yield touched
a 10-month high of 1.4 percent.


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JGBs recover on Treasuries, futures off 9-month low

(Reuters) - JGBs had been sold off heavily over the past two weeks in
moves prompted by a steady rise in yields on euro zone government
bonds and Treasuries, and as solid Japanese jobs and production
data reinforced views that a Bank of Japan rate hike is likely as
early as August.




The benchmark 10-year yield scaled the key 1.8 percent mark
on Monday, a seven-month high, while the five-year yield touched
a 10-month high of 1.4 percent.


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