Japanese Bonds Decline for Third Day on Signs of Stronger U.S. Job Growth

(Bloomberg) -- Japanese bonds dropped for a third
day after private U.S. reports showed job creation was faster
than expected and growth in service industries accelerated,
signaling the world's largest economy is gaining momentum.

Bonds in Japan headed for the biggest weekly decline in a
month after 10-year U.S. Treasuries yesterday had the largest
loss in three weeks. A Labor Department report today may add to
expectations stronger employment growth will boost U.S.
inflation. Faster expansion in the U.S., Japan's biggest export
market, may help the Asian nation's economy and back the case
for higher interest rates.


Read more at Bloomberg Bonds News