Friday, June 22, 2007

JGBs gain on Nikkei fall, rate concerns remain

(Reuters) - Futures recovered from an early slide that had been prompted
by losses in U.S. Treasuries on Thursday, but market
participants did not expect prices to gain much further because
of a widespread view that the Bank of Japan will lift interest
rates in coming months.




September futures ended 0.18 point higher at
131.67, boosted by a 0.28 percent fall in the Nikkei share
average as stocks pulled away from a seven-year high
notched on Thursday. The lead bond contract kept its distance
from a seven-year low of 130.76 hit last week.


Read more at Reuters.com Bonds News

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