Wednesday, June 27, 2007

Japan's Bonds May Gain for Fifth Day on Unexpected Decline in Production

(Bloomberg) -- Japan's 10-year bonds may rise for a
fifth day, the longest winning streak since November, after a
report showed an unexpected drop in industrial production.

Benchmark yields may hold near a three-week low after the
trade ministry report showed production declined 0.4 percent in
May from a month earlier. The median estimate of 48 economists
surveyed by Bloomberg News was for a 0.9 percent increase.


Read more at Bloomberg Bonds News

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