JGB futures hit four-month low, slide deepens

TOKYO: Japanese government bond futures tumbled further in evening trade on Thursday, taking a further hit from market players dumping the lead contract in technical selling. Some traders said that futures remained pricey when compared to cash bonds, and such valuation considerations were likely driving the selling because the rise in most JGB yields was limited. June 10-year futures fell as much as 0.28 point to a four-month low of 136.80 after having dropped 0.77 point in the regular session. The 10-year yield was up 4 basis points at 1.495 percent.