Friday, July 6, 2007

Japan's 10-Year Bonds Have Biggest Weekly Drop in Month Amid Global Growth

(Bloomberg) -- Japanese bonds had the biggest
weekly drop in a month on speculation signs of accelerating
global growth will support the central bank's case for
increasing interest rates.

Ten-year bonds fell yesterday, pushing yields to a
three-week high, after U.S. Treasuries had the biggest loss
in three weeks on July 5. Private U.S. reports this week
showed job creation was faster than expected and growth in
service industries accelerated, signaling the world's
largest economy is gaining momentum.


Read more at Bloomberg Bonds News

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