Monday, 11 June 2007

JGBs fall on BOJ rate worries, 5-year auction eyed

(Reuters) - Yields on two-year notes, the most sensitive to changes in
the monetary policy outlook, struck a decade high as nervous
investors shunned bonds with shorter maturities ahead of a
two-day BOJ policy meeting that ends on Friday.




JGBs have been sold heavily since late May on a rapid rise in
overseas yields triggered by expectations for solid global growth
and tighter monetary policies to ward off price pressures,
compounding concerns of a BOJ rate hike as soon as August.


Read more at Reuters.com Bonds News

No comments: