Japanese Government Bonds Drop for Second Week on Improving U.S. Outlook

(Bloomberg) -- Japan's government bonds completed a
second weekly decline, pushing yields to the highest in seven
months, on speculation the economy in the country's biggest
export market is recovering from a slowdown.

Benchmark 10-year bonds declined as reports this week
showed consumer confidence and business activity in the U.S.
increased, adding to expectations the economy will rebound from
the slowest quarterly growth in more than four years. Japanese
bonds due in 10 years or more last month handed investors the
biggest loss in a year, according to a Merrill Lynch & Co. index.


Read more at Bloomberg Bonds News