(Reuters) - "Equities are driving us, no question," said Adam Mackillop, head of U.S. rates trading at Barclays Capital in Tokyo. "Technically, you're coming into the part of the year that is poor for equities, and you're in overbought territory."
The market shrugged off comments by former Federal Reserve Chairman Alan Greenspan that the U.S. economy faced a one-third chance of falling into recession, reiterating comments he made in March. Greenspan spoke via satellite to a Merrill Lynch event in Singapore.
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