Wednesday, July 4, 2007

JGBs slip on Treasury losses, post-auction selling

(Reuters) - JGBs trimmed some losses after Moody's Investors Service
placed Japan's sovereign rating on review for a possible upgrade,
but analysts said JGBs overall showed muted reaction to the news.




Treasuries fell on Tuesday in thin trade before the U.S.
Independence Day holiday, hurt by a firm stock market and
surprisingly strong factory orders that pushed benchmark yields
up to 5.05 percent, lifting them from a one-month low hit earlier
in the week.


Read more at Reuters.com Bonds News

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