Wednesday, May 23, 2007

Japan's Bonds Decline on Speculation Export Demand to U.S. Is Sustainable

(Bloomberg) -- Japan's 10-year government bonds
dropped for a second day ahead of a U.S. durable-goods report that
could ease speculation of a slowdown in demand for Asian exports.

Benchmark yields in Japan climbed to the highest in more than
a month after a decline in Treasuries lifted 10-year U.S. yields
to a level unseen since January. The U.S. economy, Japan's biggest
export market, will achieve a soft landing, Economic and Fiscal
Policy Minister Hiroko Ota said yesterday.


Read more at Bloomberg Bonds News

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