Friday, 22 June 2007

Japan's 20-Year Bonds Gain for Week; Yields Near One-Year High Lure Buyers

(Bloomberg) -- Japan's 20-year bonds rose,
completing their first weekly gain in five, on speculation
yields near the highest in a year will lure investors after
local stocks declined.

Bonds snapped the longest weekly losing streak since
October after a government report showed manufacturers turned
pessimistic, fueling expectations a central bank survey of
business sentiment next month will be weaker than some
economists expect. Signs of slower growth may attract buyers to
10-year bond yields near the highest since February relative to
two-year securities.


Read more at Bloomberg Bonds News

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