Japanese Government Bonds Advance on Speculation U.S. Expansion to Slow

(Bloomberg) -- Japan's 10-year bonds advanced on
speculation a housing slump will slow economic growth in the U.S.,
the nation's largest export market.

U.S. Treasuries, which often lead price movements in Japan's
bonds, completed a three-day gain yesterday after a government
report showed home starts in the U.S. fell for the first time in
four months in May. Japan's 10-year yields have declined since
reaching their highest in almost a year on June 13, tracking a
drop in U.S. yields over the same period.


Read more at Bloomberg Bonds News