(Bloomberg) -- Taiwan's 10-year government bonds
climbed, pushing the yield to a two-week low, on speculation the
central bank stopped buying its own currency, leaving banks with
more spare cash to buy debt. The Taiwanese dollar rose the most
in almost six months.
The interest rate for overnight loans between lenders was
set for the lowest close in more than two weeks after the
central bank refrained from buying the local dollar in the
foreign-exchange market this month, said Ernest Lee, a Taipei-
based bond trader at Mega Securities Co. Lower money-market
rates make it cheaper for investors to borrow for bond purchases.
Read more at Bloomberg Bonds News
climbed, pushing the yield to a two-week low, on speculation the
central bank stopped buying its own currency, leaving banks with
more spare cash to buy debt. The Taiwanese dollar rose the most
in almost six months.
The interest rate for overnight loans between lenders was
set for the lowest close in more than two weeks after the
central bank refrained from buying the local dollar in the
foreign-exchange market this month, said Ernest Lee, a Taipei-
based bond trader at Mega Securities Co. Lower money-market
rates make it cheaper for investors to borrow for bond purchases.
Read more at Bloomberg Bonds News
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