Wednesday, July 4, 2007

Japanese Government Bonds May Fall for 2nd Day Before U.S. Payroll Report

(Bloomberg) -- Japan's government bonds may decline
before a report tomorrow that is likely to show job creation was
enough to sustain economic growth in the U.S., the nation's
largest export market.

``The upside for government bonds is likely to be
limited,'' said Akitsugu Bandou, a senior strategist at Okasan
Securities Co. in Tokyo, one of the 25 primary dealers that are
required to bid at auctions. People are likely to refrain from
buying before the U.S. jobs report, he said.


Read more at Bloomberg Bonds News

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