Japan's Government Bonds Drop, 10-Year Yields Reach Highest Since October

(Bloomberg) -- Japan's government bonds fell for a
second day.

The yield on the 1.7 percent security due March 2017 rose 2
basis points to 1.77 percent as of 9:20 a.m. in Tokyo, according
to Japan Bond Trading Co. That was the highest since October.
The yield on the benchmark five-year bond rose 3 basis points to
1.375 percent, the highest since August 2006. A basis point is
0.01 percentage point.


Read more at Bloomberg Bonds News