Friday, June 8, 2007

Japan's Five-Year Notes Have Worst Week Since 2006 on Global Rate Outlook

(Bloomberg) -- Japan's five-year government notes
completed the worst week since 2006 after U.S. Treasuries
declined the most in more than three years on concern global
interest rates will rise.

Yields on five-year notes rose to the highest since they
were first sold in 2000 today as traders increased bets the
central bank will raise rates again this year. The gain in
Japan's long-term rates reflects the rise in borrowing costs in
the U.S. and Europe, Economic and Fiscal Policy Minister Hiroko
Ota said today in Tokyo.


Read more at Bloomberg Bonds News

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