(Reuters) - The unexpected 0.1 percent drop in the Tokyo-area consumer
price index for June followed data the previous session showing a
drop in industrial output in May, providing some relief to
investors worried about the BOJ raising rates more quickly.
Traders said the move was mainly driven by players rushing to
cover short positions in JGB futures and by portfolio managers
buying longer-dated bonds at month-end to match changes in
benchmark indexes, causing the yield curve to flatten.
Read more at Reuters.com Bonds News
price index for June followed data the previous session showing a
drop in industrial output in May, providing some relief to
investors worried about the BOJ raising rates more quickly.
Traders said the move was mainly driven by players rushing to
cover short positions in JGB futures and by portfolio managers
buying longer-dated bonds at month-end to match changes in
benchmark indexes, causing the yield curve to flatten.
Read more at Reuters.com Bonds News
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