Thursday, April 12, 2007

Japan's Five-Year Government Notes Head for Weekly Advance on Equity Slump

(Bloomberg) -- Japan's five-year notes headed for a weekly gain after a slide in stocks revived speculation that demand will increase for the relative safety of government debt.

The notes were set to halt a three-week drop, the longest slump since January, after a report this week showing a decline in February machinery orders highlighted manufacturers' concerns that export growth may slow this year. Five-year debt also advanced after an auction of the securities yesterday drew the second- highest demand in the past year.


Read more at Bloomberg Bonds News

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