(Bloomberg) -- Japan's bonds dropped on speculation
traders will sell to protect against potential losses at an
auction of 20-year government debt tomorrow.
Brokerages often reduce bond holdings ahead of auctions in
case yields rise before they can pass on the new debt to
investors. Japan's bonds also fell as they tracked a decline in
Treasuries that pushed 10-year U.S. yields to the highest in
three months yesterday.
Read more at Bloomberg Bonds News
traders will sell to protect against potential losses at an
auction of 20-year government debt tomorrow.
Brokerages often reduce bond holdings ahead of auctions in
case yields rise before they can pass on the new debt to
investors. Japan's bonds also fell as they tracked a decline in
Treasuries that pushed 10-year U.S. yields to the highest in
three months yesterday.
Read more at Bloomberg Bonds News
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