Japan's Bonds Advance as Equity Decline Increases Demand for Fixed Income

(Bloomberg) -- Japanese bonds gained as falling
stock prices and concerns economic growth may slow spurred
demand for the fixed payments of government securities.

Benchmark debt headed higher after government reports
showed wages fell for a seventh month and household spending
rose less than expected. Ten-year yields reached the lowest in
eight weeks yesterday on speculation rising U.S. mortgage
defaults and a slump in corporate debt market would slow growth
in the biggest market for Japanese exporters.


Read more at Bloomberg Bonds News