Monday, June 11, 2007

JGBs dip on BOJ rate worries, 5-year auction eyed

(Reuters) - JGBs had been sold heavily since late May on a rapid rise in
overseas yields triggered by expectations for solid global growth
and tighter monetary policies to ward off price pressures,
compounding concerns of a BOJ rate hike as soon as August.




The market's focus on Tuesday is the Ministry of Finance's
auction of 2 trillion yen in five-year notes.


Read more at Reuters.com Bonds News

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