Japanese govt bonds higher on short-covering in closing trade

TOKYO (AFX-ASIA) - Government bond prices were higher in closing trade on active short-covering following the steep fall seen earlier in the week on concerns over a further widening of the national debt, dealers said.	    The yield on the 10-year No 230 issue was quoted at 1.455 pct from 1.485 pct at yesterday's close, while the yield on the 10-year No 229 issue was at 1.405 pct from 1.425.	    The June futures contract was up 0.32 at 137.71.	    Dealers said that despite today's rebound, nervous trading is expected to continue ahead of the auction early next week of new 10-year government bonds and the ruling Liberal Democratic Party's presidential election.

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