Wednesday, 13 June 2007

JGB futures tumble to seven-year low, BOJ eyed

(Reuters) - Traders said they felt resigned to the fact that as long as
Treasuries kept falling, the three-week slide in JGBs showed
little sign of ending.




"Market players are feeling they have to see U.S. 10-year
yields at 5.5 percent or the JGB 10-year yield rising to 2.000
percent to stop this sell-off. There are no buyers," said Mari
Iwashita, a senior strategist at Daiwa Securities SMBC.


Read more at Reuters.com Bonds News

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