Tuesday, July 17, 2007

JGB futures up on weaker stocks before 30-yr offer

(Reuters) - But cash bonds were mixed and 30-year bonds slipped before
the auction of longer-dated paper as dealers prepared for the
Ministry of Finance's 600 billion yen offering of
the maturity, which is a reopening of the issue first sold in
April.




Analysts said the widespread expectations for the Bank of
Japan to lift interest rates to a 12-year high of 0.75 percent
next month were keeping investors on the sidelines.


Read more at Reuters.com Bonds News

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