(Bloomberg) -- Japan's five-year notes dropped,
pushing yields to the highest since August, after government
reports on jobs and consumer demand bolstered the central bank's
case for raising interest rates.
The notes fell for a fifth day after Japan's jobless rate
unexpectedly declined to a nine-year low and households increased
spending for a fourth month in April. Two-year note yields were at
the highest since 1997, prompting the government to raise a coupon
on the securities it is selling today at an auction.
Read more at Bloomberg Bonds News
pushing yields to the highest since August, after government
reports on jobs and consumer demand bolstered the central bank's
case for raising interest rates.
The notes fell for a fifth day after Japan's jobless rate
unexpectedly declined to a nine-year low and households increased
spending for a fourth month in April. Two-year note yields were at
the highest since 1997, prompting the government to raise a coupon
on the securities it is selling today at an auction.
Read more at Bloomberg Bonds News
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