JGBs sluggish, superlongs remain mildly bearish

Reuters

TOKYO, Oct 25 (IFR) - Ten-year Japanese government bondfutures were largely flat on Friday, with superlongs carrying amildly bearish tone after the previous session's selling.

However, despite the weakness of superlong bonds, the yenswap curve was bull-flattening slightly, likely due losses inthe Japanese stock market.

The 30-year yield traded at 1.610 percent, upone basis point from Thursday, while the 10-year yield added 0.5 basis point to 0.610 percent.

Life insurers and foreigners were suspected of selling inthe 30-year and 20-year sectors in the previous session, forcingdealers to offload 30s and 40s.

Ten-year JGB futures dipped 1 tick to 14.85.

There was no major cash bond trading so far.

The Nikkei share average was down 1 percent at 14,344.68,while the dollar stood at 97.38 yen.

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