Japan's Bonds Head for Biggest Advance in Six Months on Subprime Concerns

(Bloomberg) -- Japan's 10-year bonds headed for the
biggest gain in six months after credit-rating downgrades of U.S.
subprime mortgages sparked demand for government debt.

The yield on the benchmark 1.8 percent bond due in June
2017 slid 5 basis points to 1.91 percent in Tokyo as of 9:30 a.m.
at Japan Bond Trading Co., the nation's largest interdealer debt
broker. The decline in yields, which move inversely to prices,
was the steepest since January 19.


Read more at Bloomberg Bonds News