(Bloomberg) -- Japan's 10-year bonds rose, extending
a weekly gain, after a government report showed manufacturers
turned pessimistic, reducing speculation the central bank will
increase interest rates as soon as next month.
The report highlighted concern that manufacturers will cut
spending as a housing slowdown damps economic growth in the U.S.,
Japan's largest export market. Ten-year yields have fallen since
reaching their highest in almost a year on June 13, tracking a
drop in U.S. yields. The Bank of Japan will release its Tankan
survey of business sentiment on July 2.
Read more at Bloomberg Bonds News
a weekly gain, after a government report showed manufacturers
turned pessimistic, reducing speculation the central bank will
increase interest rates as soon as next month.
The report highlighted concern that manufacturers will cut
spending as a housing slowdown damps economic growth in the U.S.,
Japan's largest export market. Ten-year yields have fallen since
reaching their highest in almost a year on June 13, tracking a
drop in U.S. yields. The Bank of Japan will release its Tankan
survey of business sentiment on July 2.
Read more at Bloomberg Bonds News
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