Monday, July 23, 2007

JGB futures drift up to six-week high as stocks dip

(Reuters) - Bond investors initially sold JGB futures after U.S.
Treasuries retreated overnight from recent rallies that had been
driven by mounting problems in subprime mortgage industry that
prompted a flight to quality.




But the dip in JGBs was shallow as investors were quick to
buy them back when the Nikkei share average slipped into
negative territory to its lowest level in a month.


Read more at Reuters.com Bonds News

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