(Bloomberg) -- Japan's 10-year bonds gained as
declines in Japanese stocks and losses on U.S. mortgage-backed
securities fuelled demand for government debt.
Bonds halted a two-day drop as stocks fell on concern
damage from an earthquake in Japan yesterday will erode earnings
at insurers and power companies. U.S. Treasuries gained
yesterday on speculation a housing slump and losses on debt
backed by home loans will eventually prompt the Federal Reserve
to cut interest rates for the first time since 2003.
Read more at Bloomberg Bonds News
declines in Japanese stocks and losses on U.S. mortgage-backed
securities fuelled demand for government debt.
Bonds halted a two-day drop as stocks fell on concern
damage from an earthquake in Japan yesterday will erode earnings
at insurers and power companies. U.S. Treasuries gained
yesterday on speculation a housing slump and losses on debt
backed by home loans will eventually prompt the Federal Reserve
to cut interest rates for the first time since 2003.
Read more at Bloomberg Bonds News
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