Japan's 5-Year Notes Drop as Stocks Gain; Yields at Highest Since January

(Bloomberg) -- Japan's five-year notes dropped,
pushing yields to the highest since January, after the Nikkei 225
Stock Average rebounded from the biggest decline in a month.

Yields on two-year notes touched the highest since 1997 ahead
of a 1.7 trillion yen ($14 billion) sale of the debt tomorrow.
Reports this week may show Japan's industrial production rose and
U.S. hiring increased, according to Bloomberg News surveys. Signs
of growth in the world's two biggest economies may encourage the
Bank of Japan to raise interest rates again this year.


Read more at Bloomberg Bonds News