Thursday, May 10, 2007

Japan's Government Bonds May Rise on Speculation Stock Drop to Spur Demand

(Bloomberg) -- Japan's government notes may advance, halting a five-day drop, on speculation a slump in global stocks will increase demand for debt.

Five-year notes may end the longest slide since December after a U.S. report showed the trade gap widened more than expected in March, spurring expectations the government may cut its first-quarter gross domestic product estimate. U.S. stocks tumbled the most in almost two months and Treasuries gained.


Read more at Bloomberg Bonds News

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