(Bloomberg) -- Japan's five-year notes had the
biggest weekly drop since December on speculation reports
showing faster-than-expected growth in the U.S. will help the
Bank of Japan build the case for raising interest rates.
Debt fell after U.S. reports showing gains in new homes
sales and consumer confidence tempered concern exports from
Japan will slow. Two-year yields rose to the highest since June
1997 after Jiji Press reported this week that BOJ policy board
member Atsushi Mizuno said policy makers may be in a better
position to judge the state of the economy in July.
Read more at Bloomberg Bonds News
biggest weekly drop since December on speculation reports
showing faster-than-expected growth in the U.S. will help the
Bank of Japan build the case for raising interest rates.
Debt fell after U.S. reports showing gains in new homes
sales and consumer confidence tempered concern exports from
Japan will slow. Two-year yields rose to the highest since June
1997 after Jiji Press reported this week that BOJ policy board
member Atsushi Mizuno said policy makers may be in a better
position to judge the state of the economy in July.
Read more at Bloomberg Bonds News
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