Monday, May 28, 2007

Japan's Government Bonds May Rise as Investors Match Nomura Index Change

(Bloomberg) -- Japan's government bonds may advance,
halting a four-day decline, on speculation 10-year yields near the
highest since February will lure investors as they match a change
in a benchmark debt index.

Nomura Securities Co., Japan's biggest brokerage, will add
debt including 10- and 20-year bonds sold this month to its Bond
Performance Index for June and remove securities maturing in a
year or less. Money managers such as Japan's Government Pension
Investment Fund, which runs the world's largest pool of retirement
wealth, use the index to decide on holdings.


Read more at Bloomberg Bonds News

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