JGB futures surge to 1-month high above 139.00

TOKYO, Nov 13 - Japanese government bond futures rose to a one-month high above 139.00 on Friday as speculators continued to cover short positions a day after a robust five-year debt auction soothed concerns over the country's fiscal situation.

December 10-year futures <2JGBv1> hit 139.02, their highest since Oct.15, before easing back to 138.92, up 0.43 point on the day. The contract has pulled sharply away from a three-month low of 137.29 struck on Monday.