Thursday, 12 July 2007

Japanese Bonds Decline as Stock Rally Limits Demand for Government Debt

(Bloomberg) -- Japan's 10-year government bonds
fell, paring gains on the week, after a rally in stocks signaled
investors are becoming less averse to riskier securities.

Benchmark debt dropped for a second day as concern eased
that defaults on subprime housing loans will slow economic
growth in the U.S., Japan's largest export market. Treasuries
slid for a third day after the S&P 500 closed at a record and
the stock rally spread to Asian markets.


Read more at Bloomberg Bonds News

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