Tuesday, April 24, 2007

JGBs gain along with Treasuries, eye BOJ outlook

(Reuters) - Treasuries climbed the previous day on data showing existing home sales posted the biggest monthly drop in 18 years in March, reinforcing expectations the Federal Reserve could cut interest rates later this year to help reverse an economic slowdown.

June 10-year futures jumped 0.23 point to 134.20 pulling further away from a three-month low of 133.41 hit last week with some help from a 0.8 percent fall in Nikkei share average .


Read more at Reuters.com Bonds News

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