Thursday, July 12, 2007

Government Bonds May Drop as Stock Rally Limits Demand for Debt Securities

(Bloomberg) -- Japan's government bonds may decline
after U.S. stocks advanced, suggesting investors are becoming
less averse to risky securities.

Benchmark debt is likely to drop for a second day since
concerns over the credit quality of U.S. subprime mortgages
drove the biggest rally in Japan's 10-year bonds since August.
U.S. Treasuries slumped yesterday after the Dow Jones Industrial
Average and the S&P 500 closed at record highs.


Read more at Bloomberg Bonds News

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