JGBs rises after few data surprises, eye on tankan

(Reuters) - JGBs edged higher after core Tokyo prices, which exclude
fresh food prices, unexpectedly fell 0.1 percent in June from a
year ago, while nationwide CPI slipped 0.1 percent in May, in
line with forecasts.




"The fall in Tokyo consumer price data was surprisingly soft,
and that may be supporting JGBs," said Katsutoshi Inadome,
strategist at Mitsubishi UFJ Securities. "But players are also
cautious ahead of the tankan survey."


Read more at Reuters.com Bonds News

South African Inflation Exceeds Target Range for First Time in Three Years

(Bloomberg) -- South African inflation accelerated to
an annual 6.3 percent in April, exceeding the central bank's
target range for the first time in more than three years, adding
to pressure on the central bank to raise interest rates.

The CPIX inflation rate, which excludes mortgage costs, rose
from 5.5 percent in March, Pretoria-based Statistics South Africa
said today. Inflation was expected to accelerate to 5.9 percent,
according to the median estimate of 21 economists surveyed by
Bloomberg. Prices rose 1.2 percent in the month.


Read more at Bloomberg Emerging Markets News