Thursday, June 7, 2007

JGBs tumble, hurt by losses in Treasuries

(Reuters) - An unexpected rate hike by New Zealand a day after the
European Central Bank hiked rates to curb price pressure ignited
fears of tighter monetary policy worldwide, intensifying a
sell-off in U.S. Treasuries on Thursday.




The benchmark 10-year JGB yield spiked up to a fresh 10-month
high above 1.9 percent while benchmark euroyen futures fell to a
decade low.


Read more at Reuters.com Bonds News

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