Wednesday, May 23, 2007

JGB futures hit month low as overseas yields rise

(Reuters) - The European Central Bank and the Bank of England are
expected to boost interest rates further, while speculation has
receded that the Federal Reserve will cut interest rates later in
the year.




Since the BOJ ended its extraordinary, super-loose monetary
policy in March 2006, it has raised interest rates twice to a
decade-high 0.5 percent , and many market players expect a third
rate hike in the July-September quarter.


Read more at Reuters.com Bonds News

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