Thursday, June 14, 2007

Japan's Government Bonds Advance as Yields Near One-Year High Lure Buyers

(Bloomberg) -- Japan's government bonds rose, halting
a 10-day slide, on speculation yields near the highest in almost a
year will lure investors.

The benchmark 10-year bond, which yesterday completed the
longest slump in three years, rebounded as charts traders use to
predict price changes signaled its loss was excessive. The yield,
which yesterday reached 1.985 percent, has been at or above 2
percent for only four days since the Bank of Japan ended a five-
year deflation-fighting policy in March 2006.


Read more at Bloomberg Bonds News

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