Gold hits one-week low on dollar, TOCOM down

(Reuters) - Cash gold extended the previous day's steep decline on Friday to a fresh one-week low on a firm dollar and rising U.S. treasury yields, while Tokyo gold futures also fell on stop-loss selling.

The key gold futures contract for April 2008 delivery on the Tokyo Commodity Exchange slid 1.7 percent to 2,606 yen a gram by midday.


Read more at Reuters Africa

PRESS DIGEST - Wall Street Journal - June 8

(Reuters) - * The United States immigration bill failed a Senate test
after backers lost two bids to end debate and force a vote.
Majority Leader Harry Reid pulled the bill from the floor and
the complicated package may be dead for now.




* A U.S. agency barred imports of advanced cellphones
containing certain Qualcomm Inc. chips, a ruling that
could hurt some wireless carriers and handset makers.


Read more at Reuters.com Government Filings News

Tokyo Electric Seeks to Buy Crude Oil From Vietnam and Diversify Supplies

(Bloomberg) -- Tokyo Electric Power Co., Asia's
biggest power producer, seeks to buy crude oil from Vietnam to
diversify supplies as it expects Indonesian production to decline.

The utility is looking to Vietnam's Sutuden grade in the
year ending March to generate electricity, company spokesman
Manabu Takeyama said by telephone today. Tokyo Electric first
bought Sutuden oil last year on a trial basis.


Read more at Bloomberg Energy News

Tsunami Survivor Hoeppe at Munich Re Warns of An Intense Hurricane Season

(Bloomberg) -- Peter Hoeppe, the chief scientist at
Munich Re, saw nature's destructive power up close. He found
himself in hip-deep water during the tsunami that left 229,000
people dead or missing in December 2004.

``It felt life-threatening,'' said Hoeppe, who was on
vacation in the Maldives when an underwater earthquake off
Sumatra sent waves as high as 30 meters (100 feet) crashing into
coastlines from southeast Asia to eastern Africa.


Read more at Bloomberg Bonds News

Bill Gross's Collection of British Stamps Outperformed His Pimco Bond Fund

(Bloomberg) -- Bill Gross's British stamps, which go
on auction in New York on June 11 to benefit a charity, have
proven to be a better investment than his bond fund.

The manager of the world's largest bond fund stands to
raise $5 million or more from the stamps he bought for $2
million, mostly in 2000, said Charles Shreve, Gross's stamp
adviser. His $104 billion Total Return Fund had a 6.9 percent
average annual return in the past 10 years, according to
Morningstar Inc. data.


Read more at Bloomberg Bonds News

Copper Prices Fall on Concern China's Imports to Slow as Demand Weakens

(Bloomberg) -- Copper prices fell for a third day in
Shanghai on concern that buying by China, the world's biggest
consumer of the metal, may slow following a surge in imports this
year and on expectations of weaker demand as summer approaches.

China's imports probably fell by at least 48 percent to
100,000 metric tons in May, the biggest monthly drop in three
years, after inventories increased and prices soared, traders and
analysts, including Xue Feng at Maike Futures Co., said on June 6.
The northern hemisphere summer is a traditionally weak period for
copper consumption because of holidays.


Read more at Bloomberg Commodities News

Bank of Korea Keeps Key Rate Unchanged at 4.5 Percent as Inflation Slows

(Bloomberg) -- South Korea's central bank kept the
benchmark interest rate unchanged for a 10th month, saying
inflation is ``stable'' and economic growth is showing ``clearer
signs'' of a rebound.

The Bank of Korea, led by Governor Lee Seong Tae, left the
overnight call rate at 4.5 percent in Seoul today, as expected
by all 14 economists surveyed by Bloomberg News. The bank
increased borrowing costs three times in 2006.


Read more at Bloomberg Emerging Markets News

UPDATE 1-Quiksilver swings to loss, keeps 2007 outlook

(Reuters) - Quiksilver had a second-quarter loss of $4.8 million, or 4
cents a share, compared with net income of $3.7 million, or 3
cents a share, a year ago.




Net revenue for the seller of brands such as Roxy and DC
Shoes rose to $603.8 million from $516.9 million.


Read more at Reuters.com Market News

Australian Stocks Fall; BHP, Westfield Slip on Lower Metals, Rates Concern

(Bloomberg) -- Australian stocks fell for a fourth day.
BHP Billiton Ltd. led mining shares lower after prices of metals
such as zinc and nickel dropped.

Stocks that rely on U.S. earnings slid, led by Westfield
Group, on increased concern interest rates may rise in the world's
biggest economy. National Australia Bank Ltd. led declines among
banks as bond yields surged, making their dividends relatively
less attractive.


Read more at Bloomberg Stocks News

South Korea Kospi Index Drops; Posco, Samsung, Hyundai Heavy Lead Declines

(Bloomberg) -- South Korea's benchmark stock index,
the Kospi Index, fell 1.30 percent at 9:05 a.m.

The index of 732 companies traded on the Korea Exchange
fell 22.84 to 1,730.20. Among the stocks in the index, 149 rose,
410 fell and 173 were unchanged.


Read more at Bloomberg Stocks News

Yen Heads for Weekly Gain Against Euro on Slump in Global Stock Markets

(Bloomberg) -- The yen headed for the first weekly
advance versus the euro in a month as a slump in global stock
markets caused investors to sell higher-yielding assets they
bought with money borrowed in Japan.

Japan's currency yesterday gained the most in 10 weeks after
the Dow Jones Industrial Average had the biggest drop since April
13, pushing traders to pare so-called carry trades. Asian stock
markets are likely to follow after American depositary receipts
of the region's equities had the biggest decline in three weeks.


Read more at Bloomberg Currencies News

Japan's Government Notes May Fall as Report to Show Machinery Orders Gain

(Bloomberg) -- Japanese five-year notes may fall,
heading for a third weekly drop, on speculation a government
report on machinery orders will support the central bank's case
for raising interest rates.

Five-year yields yesterday climbed to the highest since July
before the Cabinet Office report that may show machinery orders
increased the most in 10 months, according to a Bloomberg News
survey. Bank of Japan Governor Toshihiko Fukui this week said the
bank will ``take necessary action in a timely way.''


Read more at Bloomberg Bonds News

SPhinX battles over $263 mln in Refco bankruptcy

(Reuters) - The chief litigant is the SPhinX Funds, a group of
Cayman-registered hedge funds which were valued at $2 billion
when Refco's failure pushed them into bankruptcy.




The settlement deal has already been approved by a U.S.
bankruptcy court, but the $263 million remains frozen while
SPhinX liquidators appeal the agreement by SPhinX's former
directors and lawyers, claiming it was never legal.


Read more at Reuters.com Mergers News

UPDATE 2-Automakers warm to new U.S. fuel savings proposal

(Reuters) - WASHINGTON, June 7 - Automakers reluctantly said
on Thursday they could live with a proposal in the U.S. House
of Representatives for stricter vehicle mileage standards even
though it would cause financial pain, while the industry's
major union fully endorsed it.




Dave McCurdy, president of the chief U.S. trade group for
the biggest American and overseas auto companies, told an
Energy and Commerce Committee hearing the proposed goals were
"extremely aggressive" and would be difficult to achieve.


Read more at Reuters.com Bonds News

Acer, BHP Billiton, Compal, Tata Steel: Asia Ex-Japan Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in Asian markets, excluding Japan. This preview includes news
that broke after markets closed. Prices are from the local
market's last close. Stock symbols are in parentheses after
company names.

Acer Inc. (2353 TT): The world's third-largest computer
maker reported sales last month increased 63 percent to NT$22.36
billion ($676.8 million). Revenue, excluding sales of
subsidiaries, rose from NT$13.75 billion a year earlier, the
Taipei-based company said in a filing to Taiwan's stock exchange
today. Cumulative sales for the first five months of the year
increased 26 percent to NT$102.96 billion, the filing said.


Read more at Bloomberg Stocks News

States protest vehicle emissions limit bill

(Reuters) - If passed as written in draft form, the legislation would wipe out California's landmark effort to cut auto and light-truck greenhouse gas emissions by as much as 30 percent by 2030.




California and seven other states are fighting a proposal by Rep. Rick Boucher, a Democrat from coal-producing southwest Virginia, that would prevent the U.S. Environmental Protection Agency from allowing California to receive a waiver from federal rules so it could implement more stringent state requirements.


Read more at Reuters.com Bonds News

U.S. Stocks Drop as Bond Yields Rise; Citigroup, Wal-Mart Shares Decline

(Bloomberg) -- The U.S. stock market plunged the
most in three months after a jump in bond yields fueled
speculation the Federal Reserve will raise interest rates.

Financial firms led by Citigroup Inc., Goldman Sachs Group
Inc. and Merrill Lynch & Co. led a third day of declines. All 16
homebuilders in Standard & Poor's indexes dropped on concern
that demand for mortgages will diminish. Wal-Mart Stores Inc.,
Macy's Inc. and J.C. Penney Co. retreated after May sales
trailed estimates.


Read more at Bloomberg Stocks News

CIFG AAA Ratings Outlook Lowered by S&P, Affecting $80 Billion in Bonds

(Bloomberg) -- CIFG Cos., a top AAA-rated bond
insurer, had the outlook on the financial strength ratings of
its insurance units lowered to ``negative'' from ``stable'' by
Standard & Poor's, potentially affecting more than $80 billion
of bonds.

S&P revised its outlook on the ratings of CIFG Guaranty,
CIFG Europe, and CIFG Assurance North America Inc. because of
concerns over parent company Natixis SA's degree of long-term
support for the insurer, according to a statement from S&P
today. S&P also questioned the effectiveness of the company's
board and succession planning.


Read more at Bloomberg Bonds News

Activision, US Airways, Smith Micro, Quest Diagnostics: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 3 p.m. New York time.

Activision Inc. (ATVI US) fell 88 cents, or 4.5 percent, to
$18.69 and traded as low as $18.51. The maker of video games such
as ``Guitar Hero,'' said the U.S. Securities and Exchange
Commission escalated a probe of backdated stock options, making
it a formal investigation. As a result, the SEC can subpoena
witnesses and require the production of documents in its probe of
options grants, Activision said.


Read more at Bloomberg Stocks News

US lawmakers urge Colombia trade vote delay

(Reuters) - The demand came as Uribe was making his second visit to
Washington in five weeks to lobby for approval of the pact and
reassure Democrats who want to redirect and reduce U.S.
anti-drug and military aid Colombia relies on to fight
guerrillas and cocaine.




"Mr. Uribe has come back to Washington too soon. Come back
next year, Mr. Uribe, and let's see what has actually been
accomplished," said Rep. Jan Schakowsky, an Illinois Democrat
who joined other lawmakers, human rights and labor groups at a
news conference to protest the proposed pact.


Read more at Reuters.com Bonds News

UPDATE 1-Disney says not in talks with UTV Software

(Reuters) - A spokesman for ABC News said the report in the Business
Standard newspaper on Thursday arose from a misunderstanding of
a Disney official's comments.




The newspaper reported that ABC News would pick up a
minority stake in the venture and provide technical support,
the paper quoted sources as saying.


Read more at Reuters.com Mergers News

Central banks seek bonds, but not Treasuries - UBS

(Reuters) - Just 3 percent of the 90 central banks surveyed said they
invested only in Treasuries, down from 31 percent five years
ago as they diversified foreign currency reserves, UBS said in
a June 5 report detailing the poll.




"Central banks have become increasingly focused on
maximizing long-term total return while controlling risk," UBS
mortgage analysts, led by Laurie Goodman, said in the report.


Read more at Reuters.com Bonds News

Coffee Soars in London to Highest Since 1998 on Tight Supply, Blocked Sale

(Bloomberg) -- Robusta coffee futures soared in
London to the highest since 1998 as a supply squeeze in the
market worsened after buyers rejected shipments from Vietnam on
the grounds of inadequate quality.

Robusta has jumped 16 percent in the past month on dwindling
supplies from Vietnam, the world's biggest producer, and delays
in Indonesia's crop, according to research company RedTower Ltd.
in Aberdeen, Scotland. A growing number of exports from Vietnam
have been rejected at the ports of Antwerp in Belgium and in
London, according to Nestor Osorio, the head of the International
Coffee Organization.


Read more at Bloomberg Commodities News

Abbott gets European approval for Crohn's disease drug Humira

(Reuters) - Crohn's disease is a chronic inflammatory disease of the intestines. Humira has already been approved for treatment of arthritis.






Read more at Reuters.com Government Filings News

FTSE 100 Index Drops, Led by Shares of Aviva, Barclays on Yield Concerns

(Bloomberg) -- U.K. stocks fell, led by Aviva Plc,
the U.K.'s biggest insurer, and Barclays Plc as rising bond
yields stoked concern higher borrowing costs may damp companies'
investments.

``Investors are watching carefully the extent to which bond
yields rise,'' said Richard Scott, who helps oversee about $1
billion at Iimia Investment Group in Exeter, England. ``If bond
yields rise further, there will be less scope for mergers and
acquisitions.''


Read more at Bloomberg Stocks News

Global Corporate Bond Risk Rises for Second Day, Credit-Default Swaps Show

(Bloomberg) -- The risk of owning U.S. and European
corporate bonds rose today as investors sought the safety of
government bonds after benchmark Treasury yields rose to a 10-
month high, according to credit-default swap traders.

Contracts based on $10 million in debt included in the CDX
North America Crossover Index increased $3,750 to $150,750 as of
12:07 p.m. in New York, according to Deutsche Bank AG. Contracts
based on the iTraxx Crossover Series 7 Index of 50 European
companies rose 8,000 euros to 207,000 euros as at the close of
trading today in London.


Read more at Bloomberg Bonds News

UPDATE 2-Agricore boosts crop supply sales to record profit

(Reuters) - Agricore, which is in the midst of being taken over by
Saskatchewan Wheat Pool , or 3 Canadian cents a share, for the quarter
ended April 30, compared with a year-earlier loss of C$8
million, or 18 Canadian cents a share.




Sales were C$814.6 million, up 43 percent from C$569.8
million.


Read more at Reuters.com Mergers News

Copper Declines for Third Day on Speculation China's Demand May Tumble

(Bloomberg) -- Copper fell for the third-straight
day in New York on speculation that demand will slacken in
China, the world's biggest consumer of the metal.

China's imports in May might have dropped by the most in
three years after inventories increased and prices soared,
traders and analysts including Xue Feng at Maike Futures Co.
said. Stockpiles monitored by the Shanghai Futures Exchange more
than tripled this year as imports reached a record. Before
today, the price of copper climbed 19 percent in 2007.


Read more at Bloomberg Commodities News

MIFID-BOAT says five banks sign up to report trades

(Reuters) - The Markets in Financial Instruments Directive comes
into force in November and will radically alter how securities
can be traded.




It is aimed at boosting competition in the sector to cut
costs for investors, such as by allowing banks to trade shares
in house and bypass exchanges.


Read more at Reuters.com Government Filings News

UPDATE 1-Amex Centurion & Amex FSB launch $3.5 bln debt

(Reuters) - American Centurion launched $1.0 billion two-year
floating-rate notes expected to have a coupon rate of 0.02
percentage point over the one-month London interbank offered
rate , $400 million in five-year floating-rate notes
expected to have a coupon rate of 0.15 percentage point over
one-month Libor and $300 million in 10-year notes expected to
yield 0.89 percentage points over U.S. Treasuries.




American Express FSB launched $1.1 billion in two-year
floating-rate notes expected to have a coupon rate of 0.02
percentage point over one-month Libor, $400 million in
five-year floating-rate notes expected to have a coupon rate of
0.15 percentage point over one-month Libor and $300 million
10-year floating-rate notes expected to have a coupon rate of
0.30 percentage point over one-month Libor.


Read more at Reuters.com Bonds News

Books-a-Million, J.C. Penney, McDonald's, Quest: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 10:20 a.m. New York time.

ADC Telecommunications Inc. (ADCT US) rose 88 cents, or 5.1
percent, to $18.17. The maker of phone-networking gear said
second-quarter profit quadrupled from a year earlier. Earnings
excluding some items were 35 cents a share, topping the 23 cent
average estimate from analysts in a Bloomberg survey.


Read more at Bloomberg Stocks News

UPDATE 1-Ross same-store sales rise 1 percent in May

(Reuters) - Analysts, on average, had been expecting the off-price
retailer to post a rise of 0.9 percent, according to a Reuters
survey.




Total sales during the four weeks ended June 2 rose 9
percent to $450 million, the company said.


Read more at Reuters.com Market News

Fed's Mishkin cites concern on credit-card terms

(Reuters) - Not only is there an issue with low introductory rates that can suddenly accelerate, but there is a perception that "the presence in the market of terms unfavorable to consumers appears to some to indicate that the market is not fully competitive."




Mishkin's testimony was entirely about credit cards and included no mention of current U.S. economic conditions or interest-rate policy.


Read more at Reuters.com Bonds News

U.S. Stocks Drop as Bond Yields Rise Above 5 Percent; J.C. Penney Declines

(Bloomberg) -- U.S. stocks fell for a third day
after the yield on the 10-year Treasury note rose above 5
percent for the first time since August.

Citigroup Inc., the biggest U.S. bank, and Goldman Sachs
Group Inc., the largest securities firm, led financial companies
lower. Wal-Mart Stores Inc., Macy's Inc. and J.C. Penney
retreated after reporting May sales that trailed estimates.


Read more at Bloomberg Stocks News

Bonds in tailspin as yields breach 5 pct

(Reuters) - Momentarily, yields across all maturities stood at or above 5 percent, the first such occurrence since July of last year.




The latest downturn was driven in part by a surprise interest rate hike in New Zealand overnight, and talk that Australia could follow suit.


Read more at Reuters.com Hot Stocks News

UPDATE 1-AnnTaylor May same-store sales fall 4.6 percent

(Reuters) - Analysts on average had been expecting the New York-based
retailer to post a 3.2 percent fall in same-store sales,
according to a Reuters survey.




Same-store sales, a key gauge of retail strength, fell 3.2
percent at the Ann Taylor division, as stores took a hit from
lower mall traffic and weak sweater sales, the company said.


Read more at Reuters.com Market News

Indevus says testosterone therapy trial meets primary goal

(Reuters) - Indevus, a specialty pharmaceutical company, said it will submit a New Drug Application for the therapy, Nebido, this summer.






Read more at Reuters.com Government Filings News

UPDATE 1-MDS second-quarter results boosted by gain

(Reuters) - The Canadian health sciences company said it earned $736
million, or $5.35 a share, for the second quarter, up from $14
million, or 10 cents a share, for the same period last year.




On an adjusted basis, earnings per share were 11 cents for
the quarter, up from 8 cents a share for the same quarter last
year.


Read more at Reuters.com Market News

Human Genome, InterContinental Hotel, Spectrum Brands: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names. Share prices are as of 7:30 a.m. New York time.

ADC Telecommunications Inc. (ADCT US): The maker of phone-
networking gear said second-quarter profit quadrupled from a
year earlier. Earnings excluding some items were 35 cents a
share, topping the 23 cent average estimate from analysts in a
Bloomberg survey. Shares rose 19 cents to $17.29 in regular
trading yesterday.


Read more at Bloomberg Stocks News

U.K. Pound Stays Lower as Bank Keeps Benchmark Interest Rate Unchanged

(Bloomberg) -- The pound stayed lower against the
dollar after the Bank of England kept its benchmark interest rate
unchanged at a six-year high as predicted by most economists.

The nine-member Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent today, as predicted
by 58 of 62 economists in a Bloomberg News survey. The pound has
risen this year after two surprise increases in rates and a report
showing inflation at a decade high of 3.1 percent.


Read more at Bloomberg Currencies News

Treasuries Decline; Yield Reaches 5 Percent for First Time Since August

(Bloomberg) -- U.S. Treasuries fell, pushing the 10-
year yield above 5 percent for the first time since August, as
traders added to bets interest rates will rise around the world.

Two-year yields also gained after New Zealand policy makers
unexpectedly raised rates today and the European Central Bank
lifted its benchmark to a six-year high yesterday. Futures
traders added to wagers today on further increases by the ECB
and the Bank of England, and reduced bets the Federal Reserve
will need to lower borrowing this year to fuel economic growth.


Read more at Bloomberg Bonds News

Hungarian Forint Gains Versus Euro as Investors Buy Emerging-Market Assets

(Bloomberg) -- The Hungarian forint rose against the
euro on speculation rising global interest rates will encourage
investors to pickup yields by buying emerging-market assets.

The forint is the second-best performing currency in Europe
today after the Turkish lira. Hungary's benchmark interest rate
of 8 percent is the highest in the European Union.


Read more at Bloomberg Emerging Markets News

Hungarian Forint Gains as Investors Buy Emerging-Market Assets for Yield

(Bloomberg) -- The Hungarian forint rose against the
euro on speculation rising global interest rates will encourage
investors to pickup yields by buying emerging-market assets.

The forint is the second-best performing currency in Europe
today after the Turkish lira. Hungary's benchmark interest rate
of 8 percent is the highest in the European Union.


Read more at Bloomberg Currencies News

Indonesia's Rupiah Strengthens After Rate Cut; Korean Won Recoups Loss

(Bloomberg) -- Indonesia's rupiah gained, snapping
two days of losses, after the central bank cut interest rates to
spur growth and said there's room for further reductions.

Bank Indonesia expects overseas funds to keep investing in
the nation, after they purchased $8.51 billion of bonds and
stocks in the first five months of 2007, spokesman Budi Mulya
said in Jakarta. The rupiah has gained 5.7 percent in the past
year as the benchmark stock index and bonds rallied to records.


Read more at Bloomberg Currencies News

Platinum Climbs in London on Demand for Auto Catalysts; Palladium Rises

(Bloomberg) -- Platinum rose for a second consecutive
day in London on expectations that demand for auto catalysts,
made with the precious metal, will expand. Palladium, also used
in the pollution-control devices, gained.

Johnson Matthey Plc, maker of a third of about 100 million
catalysts sold worldwide every year, is expanding in Russia and
South Korea, adding to growing markets in China and India, the
company said a report today. Legislation to limit emissions is
spreading to trucks and mining equipment.


Read more at Bloomberg Commodities News

KKR seeks more Taiwan investments after Yageo deal

(Reuters) - Kohlberg Kravis Roberts & Co. [KKR.UL] announced its first
deal in Taiwan late on Tuesday, saying it would buy US$230
million of Yageo Corp.'s convertible bonds that could
give it a 16.1 percent stake in the electronics parts maker.




"We hope to make more investments in Taiwan and China, that's
for sure," Julian Juul Wolhardt, principal of KKR Asia Ltd., told
Reuters. KKR joins other major private equity firms, including
Newbridge [NB.UL], Carlyle [CYL.UL] and MBK Partners in the
Taiwan market.


Read more at Reuters.com Bonds News

European shares turn negative, rate fears weigh

(Reuters) - "Markets are still jittery about inflation and banks are under pressure. People are keen to take profits after the gains we have seen," said a trader.




Banks were the heaviest weight on the index, contributing more than a third of its fall.


Read more at Reuters.com Hot Stocks News

Dip in Ahold Q1 net, sees recovery ahead

(Reuters) - Ahold shares led gainers in the DJ Stoxx retail index from 246 million euros a year earlier, but came above an average forecast of 229 million euros in a Reuters poll of 17 analysts.


Read more at Reuters.com Market News

O'Brien raises Independent News stake to 8.35 pct

(Reuters) - Irish telecoms billionaire Denis O'Brien said on Wednesday he had raised his stake in Dublin-based newspaper publisher Independent News & Media to 8.35 percent from 7.28 percent.

"As at close of business on 4th May 2007, I had an interest (directly or indirectly) in 64,165,000 ordinary shares ... which represents approximately 8.35 percent of the total issued share capital," O'Brien said in a notification to the Irish company.


Read more at Reuters Africa

Indian Bonds Gain as Yields at Three-Week High Lure Investors Back to Debt

(Bloomberg) -- Indian government bonds snapped three
days of losses as yields at the highest in almost three weeks
lured investors back to debt.

Benchmark 10-year bonds had fallen earlier this week on
concern debt sales by the federal government and the central bank
would drain funds from the financial system, leaving lenders with
less money to buy the securities. Near-zero overnight lending
rates and slowing inflation will spur demand for bonds, said
Rajesh Babu, a trader at state-owned Andhra Bank in Mumbai.


Read more at Bloomberg Bonds News