(Bloomberg) -- Japan's 20-year bonds rose, erasing
earlier losses, after a government auction of the securities
drew higher-than-expected bidding prices.
The 800 billion yen ($6.64 billion) debt sale generated
demand on speculation investors will be attracted to longer-
dated securities after the premium offered by yields on 20-year
debt relative to five-year notes widened this week to near the
most since May. Bonds also gained as a decline in stocks boosted
demand for government debt.
Read more at Bloomberg Bonds News
earlier losses, after a government auction of the securities
drew higher-than-expected bidding prices.
The 800 billion yen ($6.64 billion) debt sale generated
demand on speculation investors will be attracted to longer-
dated securities after the premium offered by yields on 20-year
debt relative to five-year notes widened this week to near the
most since May. Bonds also gained as a decline in stocks boosted
demand for government debt.
Read more at Bloomberg Bonds News
No comments:
Post a Comment