Wednesday, June 27, 2007

Japanese 10-Year Bonds Have Biggest Decline Since March as Stocks Advance

(Bloomberg) -- Japan's government bonds had their
biggest decline since March after a rebound in stocks reduced
speculation investors will abandon riskier assets.

Benchmark 10-year bonds ended a four-day advance as the
lowest yields in almost three weeks deterred buyers. The gain in
stocks outweighed a government report today that showed
industrial production unexpectedly declined. Bank of Japan
Governor Toshihiko Fukui said in Tokyo today that the economy is
expanding faster than its potential growth rate.


Read more at Bloomberg Bonds News

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