Japan's Government Bonds Gain as Buyers to Match Change in Benchmark Index

(Bloomberg) -- Japan's government bonds rose, ending
a two-day slide, on speculation investors will purchase the
securities to match a change in a benchmark index.

Nomura Securities Co. is forecast to extend the duration of
its Bond Performance Index by almost twice as much in June as
this month, prompting buying by pension funds and other money
managers. Japan's bonds also gained after U.S. Treasuries
yesterday rose for the first day in seven as yields near a
three-month high attracted investors.


Read more at Bloomberg Bonds News