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Japan's key bond yield ends flat at 0.560%

July 3, 2014

The yield on the bellwether 10-year Japanese government bond ended flat Thursday amid a wait-and-see mood ahead of the release of the U.S. employment data for June and the European Central Bank's policy meeting later in the day.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.560 percent.

The price of the September futures contract for 10-year bonds declined 0.04 point to 145.60 on the Osaka Exchange.

On Thursday, the Finance Ministry offered new 10-year Japanese government bonds at an auction with a coupon of 0.6 percent, unchanged from the last 10-year issue auction in June.

The benchmark long-term bonds drew 7,558.4 billion yen in bids, of which the ministry accepted 2,202.9 billion yen.

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Source: Japan Economic Newswire

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