Wednesday, July 4, 2007

Japan's Government Bonds May Drop as Rally in Stocks Pares Demand for Debt

(Bloomberg) -- Japan's 10-year bonds may decline for
a second day on speculation a gain in stock prices will curb
demand for government debt.

Benchmark bonds are poised to drop as shares advanced for a
sixth day on speculation profit of exporters will increase,
aided by a weak yen. An industry report this week showed U.S.
manufacturing grew at the fastest pace in 14 months, boosting
speculation the world's largest economy is gaining momentum.


Read more at Bloomberg Bonds News

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