Sunday, June 3, 2007

Japan's Government Bonds May Drop After U.S. Labor Report Shows Growth

(Bloomberg) -- Japanese bonds may fall, extending a
two-week decline, on speculation the U.S. economy will rebound
after a government report showed hiring accelerated more than
economists estimated.

Debt in Japan may follow a slump in U.S. Treasuries that
pushed 10-year yields to the highest level in more than nine
months on June 1. Signs of a recovery in Japan's biggest export
market may deter investors from buying bonds before Japan's 10-
year bond auction tomorrow.


Read more at Bloomberg Bonds News

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