Tuesday, July 24, 2007

JGB futures hit 7-wk high on US credit market woes

(Reuters) - "The market's focus is not on the BOJ but U.S. credit market
developments," said Kenro Kawano, a JGB strategist at Credit
Suisse. "I think the market should be very firm and rise
further."




Kawano said the widening of corporate bond spreads abroad was
also starting to spark a bit of weakness in Japanese credit
markets.


Read more at Reuters.com Bonds News

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