Wednesday, May 23, 2007

Japan's Bonds May Fall on Speculation Export Demand to U.S. Is Sustainable

(Bloomberg) -- Japan's 10-year government bonds may
drop for a second day ahead of a U.S. durable-goods report that
could ease speculation of a slowdown in demand for Asian exports.

Benchmark yields in Japan are set to reach the highest in a
month after a decline in Treasuries pushed 10-year U.S. yields to
a level unseen since January. The U.S. economy, Japan's biggest
export market, will achieve a soft landing, Economic and Fiscal
Policy Minister Hiroko Ota said yesterday.


Read more at Bloomberg Bonds News

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