JGB futures hit as Treasuries fall on Fannie, Freddie
TOKYO, Sept 8 (Reuters) - Japanese government bond futures tumbled on Monday following a slide in U.S. Treasuries after the government took over struggling mortgage giants Fannie Mae and Freddie Mac.
September 10-year futures 2JGBv1 slumped 0.80 point to 137.88 at the open and extended losses to as low as 137.43, down 1.25 points. They hit a five-month peak of 139.09 on Friday.
In early Tokyo trading on Monday, 10-year Treasury yields rose as high as 3.900 percent <US10YT=RR>, up 19 basis points from 3.708 percent in late U.S. trading on Friday.
U.S. Treasury bond futures fell sharply late on Sunday after the government took over Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) in what could be the biggest U.S. bailout ever. [ID:n07479172] (Reporting by Chikako Mogi)
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