Tuesday, June 5, 2007

JGB 2-year yield scales decade-high on rate worries

(Reuters) - A steady rise in U.S. and euro zone government bond yields
helped fuel concerns the BOJ could raise rates to a 12-year high
of 0.75 percent as soon as August from the current 0.50 percent.




Ten-year JGB futures recovered from a 10-month low hit
earlier in the session as dealers covered short positions,
thinking that the sell-off over the past two weeks may have been
overdone, but gains were limited due to persistent rate worries.


Read more at Reuters.com Bonds News

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