Friday, July 27, 2007

JGBs soar as market volatility stirs BOJ doubts

(Reuters) - The sell-off in U.S. markets drove the Nikkei share average
down 2.4 percent, sending investors fleeing to safer
government bonds from risky assets and driving most yields down 7
to 8 basis points to two-month lows.




Bond investors are wary that turbulence in global markets may
make the BOJ more cautious about raising rates, with the chance
of a rate rise in August falling to just 50 percent from above 90
percent earlier in the month.


Read more at Reuters.com Bonds News

No comments: