Wednesday, June 20, 2007

JGBs extend losses after weak 20-yr auction demand

(Reuters) - Bonds extended losses after an 800 billion yen offer of
20-year JGBs by the Ministry of Finance met with slightly weak
demand as investors remained wary that interest rates will
continue to rise.




"The results were neither good or bad, but the tail was bit
wide," said Akihiko Inoue, market analyst at Mizuho Investors
Securities.


Read more at Reuters.com Bonds News

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