Tuesday, April 24, 2007

JGBs gain as players unwind curve-flattening trades

(Reuters) - The Ministry of Finance sold 800 billion yen of 20-year bonds with the lowest price falling to 99.85, much weaker than dealer expectations for a result of around 100.05 and sparking selling of longer-dated bonds.

The tick up in long-term yields after the auction prompted market players to reverse short positions in JGB futures as well as short- to medium-term notes.


Read more at Reuters.com Bonds News

No comments: