Thursday, June 21, 2007

JGB futures edge up but BOJ rate concerns cap gains

(Reuters) - Futures recovered from a slide early in the session that had
been prompted by losses in U.S. Treasuries on Thursday. Market
participants said deepening losses in the Nikkei share average
were giving bonds a boost.




JGBs have been finding their footing this week in the
aftermath of a heavy sell-off on concerns about climbing global
bond yields and the growing view that the BOJ will lift rates to
0.75 percent in August, which had driven the futures contract to
a seven-year low.


Read more at Reuters.com Bonds News

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