Sunday, May 6, 2007

Japan Govrenment Bonds May Gain After U.S. Report Shows Slowing Job Growth

(Bloomberg) -- Japan's government bonds may rise after a report showed job creation in the U.S. fell to a more than two- year low, fueling speculation global inflation will moderate.

Ten-year bond yields, which last week reached the lowest since March, may drop after the U.S. Labor Department data on May 4 signaled job-market weakness is spreading beyond housing and manufacturing in Japan's largest export market. Japan's economic growth may have cooled in the first quarter from the fastest expansion in three years, according to a Bloomberg News survey before the government data due next week.


Read more at Bloomberg Bonds News

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