Sunday, May 6, 2007

Taiwan's 10-Year Bonds Rise on Slower Inflation; Currency Little Changed

(Bloomberg) -- Taiwan's 10-year government bonds advanced after a report last week showed inflation slowed.

Weaker inflation reduces the need for the central bank to further tighten money supply, said Ernest Lee of Mega Securities Co., leaving more funds in the banking system and helping bonds gain. Consumer prices in April rose 0.67 percent from a year earlier, after climbing a revised 0.84 percent in March, the statistics bureau in Taipei said May 4 after the market closed.


Read more at Bloomberg Bonds News

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