Wednesday, July 11, 2007

Japan's Five-Year Notes Drop Before Central Bank Decision on Interest Rate

(Bloomberg) -- Japan's five-year government notes
declined on speculation biggest gain since September yesterday
was too rapid before a central bank decision on interest rates.

The yield on the 1.5 percent note due in June 2012 rose 3
basis points to 1.505 percent as of 9:25 a.m. in Tokyo at Japan
Bond Trading Co., the nation's largest interdealer debt broker.
Yields yesterday slid 7 basis points, the steepest since Sept.
11, 2006.


Read more at Bloomberg Bonds News

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