Tuesday, April 3, 2007

JGBs tumble as Nikkei racks up strong gains

(Reuters) - The Nikkei stock average rose more than 1.5 percent, lifted by easing concerns about volatility in U.S. equities. This helped push benchmark 10-year yields to six-week highs as investors dumped bonds for riskier stocks.

A heavy slate of debt auctions this month and a break of key technical levels added to the negative tone in the JGB market.


Read more at Reuters.com Bonds News

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