(Bloomberg) -- Japan's 10-year bonds fell, erasing
earlier gains, on speculation yields near the lowest in almost a
month will deter investors from buying before an auction of the
securities tomorrow.
Bonds reversed direction after posting their biggest rally
since March on June 29 on concern brokerages will prepare for
the 1.9 trillion yen ($15.4 billion) sale of 10-year debt. Chief
government spokesman Yasuhisa Shiozaki said in Tokyo today the
Bank of Japan's Tankan survey shows the economy is recovering
steadily and monetary policy is up to the central bank.
Read more at Bloomberg Bonds News
earlier gains, on speculation yields near the lowest in almost a
month will deter investors from buying before an auction of the
securities tomorrow.
Bonds reversed direction after posting their biggest rally
since March on June 29 on concern brokerages will prepare for
the 1.9 trillion yen ($15.4 billion) sale of 10-year debt. Chief
government spokesman Yasuhisa Shiozaki said in Tokyo today the
Bank of Japan's Tankan survey shows the economy is recovering
steadily and monetary policy is up to the central bank.
Read more at Bloomberg Bonds News
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