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Japan's key bond yield falls to 16-month low

August 8, 2014

The yield on the bellwether 10-year Japanese government bond finished at a 16-month low Friday on buying in the wake of a plunge in Tokyo stocks, with the Nikkei index dropping over 400 points.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.505 percent, down 0.020 percentage point from Thursday's close and the lowest level since early April last year.

The price of the September futures contract for 10-year bonds climbed 0.21 point to 146.16 on the Osaka Exchange.

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Source: Japan Economic Newswire

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