Japan's 20-Year Bonds Rise as Investors Match Extension of Benchmark Index

(Bloomberg) -- Japan's 20-year government bonds rose,
posting their biggest gain in almost two weeks, on speculation
investors are buying the securities to match a change in a
benchmark index.

Nomura Securities Co., Japan's biggest brokerage, will add
debt including 10- and 20-year securities sold this month to its
Bond Performance Index for June and remove those due in a year
or less. Bonds also rallied after a government report today
showed industrial production unexpectedly fell in April for a
second month, giving the central bank less room to raise
interest rates.


Read more at Bloomberg Bonds News