Friday, May 18, 2007

Japanese Government Bonds Gain for Week as Report Shows GDP Growth Slowed

(Bloomberg) -- Japanese bonds gained for the week, halting two weeks of losses, after government reports showed growth in the world's second-largest economy slowed more than expected and machinery orders fell.

The rally in debt pushed 10-year yields to the lowest in more than two weeks as the reports fueled speculation the economy isn't growing fast enough to allow the central bank to keep raising interest rates. Bank of Japan policy makers yesterday kept the key overnight lending rate on hold for a fourth straight meeting.


Read more at Bloomberg Bonds News

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