Wednesday, April 25, 2007

JGBs track drop in Treasuries, eye 2-year auction

(Reuters) - Analysts said demand from Japanese banks at the start of the business year that kicked off this month should produce a solid result, though some investors may hesitate to buy before the Bank of Japan's twice-yearly economic outlook report on Friday.

"The auction should turn out to be good as not many expect the BOJ to hike rates in the next few months, and demand at the start of the business year will help," JGB analysts at Lehman Brothers said in a note to clients.


Read more at Reuters.com Bonds News

No comments: