Japanese govt bond prices close higher on bargain-hunting |
|
|
|
Published
:
Tue, 30 Jan 2007 09:34
|
TOKYO (XFN-ASIA) - Japanese government bond prices closed higher after investors emerged to hunt for bargains created by the release of weak economic data, which further reduced the chances an increase in interest rates next month, dealers said.The yield on the benchmark 10-year bond closed at 1.700 pct, down from 1.720 pct at the close yesterday.The yield on the lead five-year note edged down to 1.185 pct from 1.190 pct and the yield on the two-year debt dropped to 0.710 pct from 0.730 pct.The yield on the bellwether 20-year bond slid to 2.175 pct from 2.190 pct and the yield on the 30-year bond had declined to 2.435 pct from 2.445 pct.Bond prices move inversely to yields.The price of the 10-year bond futures contract inched up to 134.43 yen from 134.41 yen at the close yesterday.The release this morning of household spending, industrial output and unemployment data for last month weakened the case for the Bank of Japan to increase interest rates next month, dealers said.Osamu Tamada, a strategist at Mizuho Investors Securities, said trading had been cautious because investors were keeping their eye on developments in the US Treasury bond market as it awaited the outcome of the US Federal Open Market Committee's forthcoming meeting and the release of US economic data such as the latest employment figures.(1 usd = 121.95 yen)kaori.kaneko@xfn.com
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Hong Kong shares open higher led by China financials; rebound ends 3-day fall 