Sunday, May 27, 2007

JGBs recover as rising yields lure investors

(Reuters) - Expectations that interest rates will rise in the coming
months weigh on market sentiment, pushing the two-year yield to a
10-year high and five-year yields closer to seven-month highs
earlier in the session ahead of key economic data and speeches by
Bank of Japan officials later this week.




While traders said market sentiment remained weak, selling
has subsided for now as the market confirmed some resistance
points, prompting investors and dealers to buy back bonds which
have become cheaper after several days of heavy selling.


Read more at Reuters.com Bonds News

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