Tuesday, June 5, 2007

Japan's Five-Year Notes Little Changed; Report Signals More Export Demand

(Bloomberg) -- Japanese five-year notes were little
changed after a report showed U.S. service industries grew at the
fastest pace in more than a year, adding to optimism exports will
help sustain Japan's economic expansion.

Debt in Japan may follow a slump in Treasuries that yesterday
pushed two-year U.S. yields to the highest since August. Japan's
two-year yields climbed to 1 percent today for the first time in a
decade on speculation signs of faster global growth will prompt
the Bank of Japan to increase borrowing costs.


Read more at Bloomberg Bonds News

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