Monday, July 9, 2007

JGBs edge lower on caution ahead of 5-year offer

(Reuters) - JGB futures gained some reprieve in early trade after falling
for four straight sessions, getting a slight boost from gains in
U.S. Treasuries on Monday.




But the rise in JGBs never gained much momentum, and futures
later dipped into negative territory as investors braced for the
results of an offer by the Ministry of Finance of 2.0 trillion
yen in five-year JGBs with a 1.5 percent coupon.


Read more at Reuters.com Bonds News

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