(Bloomberg) -- Taiwan's 10-year government bonds rose
for a second day on speculation the central bank stopped buying
the currency, leaving more money in the financial system.
The interest rate for overnight loans between lenders was set
for the lowest close in more than two weeks after the central bank
refrained from buying the local dollar in the foreign-exchange
market this month, said Ernest Lee, a Taipei-based bond trader at
Mega Securities Co. Lower money-market rates make it cheaper for
investors to buy bonds with borrowed money, he said.
Read more at Bloomberg Bonds News
for a second day on speculation the central bank stopped buying
the currency, leaving more money in the financial system.
The interest rate for overnight loans between lenders was set
for the lowest close in more than two weeks after the central bank
refrained from buying the local dollar in the foreign-exchange
market this month, said Ernest Lee, a Taipei-based bond trader at
Mega Securities Co. Lower money-market rates make it cheaper for
investors to buy bonds with borrowed money, he said.
Read more at Bloomberg Bonds News
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