Tuesday, 22 May 2007

Japan's Government Bonds May Fall as Traders Prepare for Auction Tomorrow

(Bloomberg) -- Japan's bonds may fall on speculation
traders will sell to protect against potential losses at an
auction of 20-year government debt tomorrow.

Brokerages often reduce bond holdings ahead of auctions in
case yields rise before they can pass on new debt to investors.
Japan's bonds may also track a decline in Treasuries that pushed
10-year U.S. yields to a three-month high yesterday.


Read more at Bloomberg Bonds News

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