Monday, July 2, 2007

Japan's Government May Set 1.9 Percent Coupon on New Bonds, Survey Shows

(Bloomberg) -- Japan's Ministry of Finance is likely
to set a 1.9 percent coupon on 10-year bonds it will sell today,
based on market yields, according to the median forecast of 10
traders, analysts and investors in a Bloomberg News survey.

Some brokerages asked the ministry to re-issue the No. 286
10-year bond sold last month with a 1.8 percent coupon at
today's auction, Kazuo Katayama, director for market finance
division at the ministry's finance bureau, said on June 29. The
brokers said there has been a shortage of the debt in the
repurchase market, according to Katayama.


Read more at Bloomberg Bonds News

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