Thursday, April 19, 2007

JGBs rebound from 3-month lows on stock sell-off

(Reuters) - JGBs gained some reprieve after U.S. Treasuries rallied on Wednesday as investors refocused on housing and other weak areas of the economy after recent evidence of receding inflationary pressure.

A 1.7 percent tumble in the Nikkei share average gave a boost to JGBs, a day after they fell on caution before the Bank of Japan's twice-yearly outlook report due next week.


Read more at Reuters.com Bonds News

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