Thursday, June 21, 2007

Japan's Government Bonds May Decline on Speculation Export Demand to Grow

(Bloomberg) -- Japan's government bonds may fall, set
for a fifth weekly drop, as signs of global growth and inflation
prompted investors to raise bets interest rates will rise.

Ten-year bonds may complete their longest losing streak since
April 2006 after the Philadelphia Federal Reserve Bank's factory
index jumped to the highest in more than two years in June,
sending U.S. Treasuries lower. Japan's benchmark yields last week
touched 1.985 percent, the highest since July.


Read more at Bloomberg Bonds News

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