(Bloomberg) -- Japan's government bonds gained after
terrorist plots in the U.K. spurred demand for the relative
safety of government debt in the U.S. and Europe.
Local bonds followed an advance in U.S. Treasuries, which
rose yesterday on speculation over potential terror threats and
weakness in the subprime mortgage market. Ten-year Treasury
yields, which yesterday dropped below 5 percent for the first
time in three weeks, had a 0.87 correlation with Japanese yields
in the past year, according to data compiled by Bloomberg.
Read more at Bloomberg Bonds News
terrorist plots in the U.K. spurred demand for the relative
safety of government debt in the U.S. and Europe.
Local bonds followed an advance in U.S. Treasuries, which
rose yesterday on speculation over potential terror threats and
weakness in the subprime mortgage market. Ten-year Treasury
yields, which yesterday dropped below 5 percent for the first
time in three weeks, had a 0.87 correlation with Japanese yields
in the past year, according to data compiled by Bloomberg.
Read more at Bloomberg Bonds News
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