Monday, April 16, 2007

Japan's 10-Year Bonds Have Biggest Drop in Almost Two Weeks as Stocks Gain

(Bloomberg) -- Japan's 10-year government bonds fell the most since April 4 as a rally in local stocks sapped demand for the relative safety of debt.

Yields on 10-year bonds climbed to the highest in a week as shares of exporters such as Toyota Motor Corp. rose on speculation a weakening yen will boost profit. The spread between yields on two-year notes and 30-year bonds held near the widest in six weeks as traders prepared for the 600 billion yen ($5.04 billion) sale of Japan's longest-maturity debt tomorrow.


Read more at Bloomberg Bonds News

No comments: