Sunday, July 22, 2007

Japan Bonds Gain on Speculation Investors Sought Safety of Government Debt

(Bloomberg) -- Japan's bonds rose for a fifth day on
speculation a decline in emerging-market debt and equities will
prompt investors to seek the relative safety of government
securities.

The Japanese 10-year yield fell to the lowest in almost
three weeks as a drop in U.S. stocks extended to Asia. The yield
premium required to compensate buyers for the extra risk of
holding emerging-market debt compared with similar-maturity U.S.
Treasuries climbed to the highest since March, according to
JPMorgan Chase & Co.'s EMBI Plus index.


Read more at Bloomberg Bonds News

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