JGB futures extend losses, falling over half point

TOKYO, May 16 - Japanese government bond futures extended their fall on Friday after disappointing results in a JGB buying operation by the Bank of Japan earlier in the day prompted investors to dump bonds.

June 10-year futures fell as low as 134.45 , down 0.70 point on the day and in sight of a seven-month low of 134.28 hit on Wednesday, before recovering a little to 134.58, down 0.57 point.

The benchmark 10-year yield rose 3 basis points to 1.700 percent <JP10YTN=JBTC>, just below a seven-month high of 1.705 percent struck earlier this week.

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