(Bloomberg) -- Japan's 10-year government bonds may
rise for a second day after U.S. Treasuries gained as investors
sought a haven from possible hedge fund losses.
U.S. Treasuries, which often lead Japanese bond prices,
advanced on June 22 after Bear Stearns Cos. offered to provide
$3.2 billion in loans to bail out one of its money-losing hedge
funds. Ten-year yields in Japan and the U.S. had a 0.88
correlation in the past year, according to Bloomberg data. A
value of 1 means the two moved in lock step.
Read more at Bloomberg Bonds News
rise for a second day after U.S. Treasuries gained as investors
sought a haven from possible hedge fund losses.
U.S. Treasuries, which often lead Japanese bond prices,
advanced on June 22 after Bear Stearns Cos. offered to provide
$3.2 billion in loans to bail out one of its money-losing hedge
funds. Ten-year yields in Japan and the U.S. had a 0.88
correlation in the past year, according to Bloomberg data. A
value of 1 means the two moved in lock step.
Read more at Bloomberg Bonds News
No comments:
Post a Comment