(Bloomberg) -- Japan's 10-year government bonds declined, ending two days of gains, on speculation yields near the lowest since March will deter investors before an auction of the securities next week.
Pre-auction trading suggests the Ministry of Finance will set the smallest coupon in more than a year on the 1.9 trillion yen ($15.9 billion) of 10-year debt. Yields, which move inversely to prices, may extend their rebound from a low of 1.595 percent reached yesterday after a U.S. report showed manufacturing growth accelerated at the fastest pace in almost a year.
Read more at Bloomberg Bonds News
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