(Bloomberg) -- Japan's five-year notes headed for
the biggest weekly drop since December on speculation signs of
faster growth in the U.S. will help the Bank of Japan build the
case for raising interest rates.
Debt declined after U.S. reports showing unexpected gains
in new homes sales and consumer confidence tempered concern
exports from Japan will slow. Yields on two-year notes rose to
the highest since June 1997 after Jiji Press reported this week
that Bank of Japan policy board member Atsushi Mizuno said
policy makers may be in a better position to judge the state of
the economy in July.
Read more at Bloomberg Bonds News
the biggest weekly drop since December on speculation signs of
faster growth in the U.S. will help the Bank of Japan build the
case for raising interest rates.
Debt declined after U.S. reports showing unexpected gains
in new homes sales and consumer confidence tempered concern
exports from Japan will slow. Yields on two-year notes rose to
the highest since June 1997 after Jiji Press reported this week
that Bank of Japan policy board member Atsushi Mizuno said
policy makers may be in a better position to judge the state of
the economy in July.
Read more at Bloomberg Bonds News
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