Thursday, June 7, 2007

JGB futures tumble to 10-mth low on BOJ rate worry

(Reuters) - JGB gains in early trade were met with a wave of selling by
speculative accounts as well as dealers who rushed to dump long
positions as market players have been rattled by the possibility
of a BOJ rate rise as soon as August.




A rebound in the Nikkei share average into positive
territory after early losses also soured sentiment and gave
investors more reason to sell JGBs, driving two-year yields up
further to a decade-high 1.030 percent.


Read more at Reuters.com Bonds News

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