Tuesday, June 5, 2007

Japan's Government Notes May Fall; U.S. Report Signals More Export Demand

(Bloomberg) -- Japanese five-year notes may fall for a
fifth day 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 5 percent for the first time since
August. Japan's five-year note yields yesterday climbed to the
highest since July on speculation signs of faster global growth
will back the central bank's case for higher borrowing costs.


Read more at Bloomberg Bonds News

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