Wednesday, May 16, 2007

JGBs climb as players square positions before GDP

(Reuters) - Two-year yields dipped after having matched a 10-month high earlier in the session as expectations have steadily mounted for the Bank of Japan to lift rates to 0.75 percent in August or September from the current 0.5 percent if the data is strong.

Some investors were looking to pick up bonds as nearly 9 trillion yen of government debt is due to mature next month, analysts said.


Read more at Reuters.com Bonds News

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