* Speculators unload longs in futures as Nikkei jumps 2.1 pct
* Futures slip into Ichimoku cloud for first time since April
* Bargain hunters limit rise in superlong yields
* 10-yr/30-yr yield spread tightens a bit
By Shinichi Saoshiro
TOKYO, Sept 6 (BestGrowthStock) – Japanese government bonds fell on
Monday with futures dropping to a two-month low as a continuing
bounce in Tokyo stocks curbed demand for debt, although
bargain-hunting in superlongs suggested that the recent sharp
rise in yields may begin abating.
The curve flattened a touch as yields beyond the 10-year zone
rose slightly less with investors buying superlong debt such as
the 20- and 30-years on price dips.
“The JGB market’s retreat could continue for a few more days,
with the 10-year yield rising above 1.200 percent,” said a fund
manager at a domestic asset management firm.
The benchmark 10-year yield (JP10YTN=JBTC: ) climbed 5.5 basis
points to 1.190 percent, after touching a 2-