Sunday, July 8, 2007

Japan's Bonds Drop for Fourth Day After Machinery Orders Beat Expectations

(Bloomberg) -- Japan's 10-year bonds fell for a
fourth day after government report showed machinery orders rose
for a second month in May, increasing speculation the central
bank will raise interest rates next month.

Yields on benchmark 10-year bonds rose 2 basis points to
1.95 percent as of 9:11 a.m. in Tokyo at Japan Bond Trading Co.,
the nation's largest interdealer debt broker.


Read more at Bloomberg Bonds News

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