Tokyo, Nov. 15 (Jiji Press)--Japanese government bonds dropped on Monday, hurt by the strength of Tokyo shares and caution over Tuesday's 20-year bond auction.
The yield on the latest 264th issue of 10-year JGBs, carrying a coupon rate of 1.5 pct, stood at 1.485 pct in late interdealer trading, up from 1.475 pct late Friday.
In futures trading on the Tokyo Stock Exchange, the key December contract on 10-year JGBs finished off 0.11 point from Friday at 138.10, after moving between 138.10 and 138.27. Volume shrank to 16,426 contracts from Friday's 29,111.
"The solid performance of Tokyo equities made traders cautious about buying …