(Bloomberg) -- Japan's 10-year bonds fell, heading for the biggest drop since April 4, as a rally in local stocks sapped demand for the relative safety of debt.
Yields on 10-year debt climbed to the highest in a week as shares of exporters such as Toyota Motor Corp. rose on speculation a weakening yen will boost profit. The spread between yields on two-year notes and 30-year bonds held near the widest in six weeks as traders prepared for the 600 billion yen ($5.04 billion) sale of Japan's longest-maturity debt tomorrow.
Read more at Bloomberg Bonds News
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