Monday, July 2, 2007

Japan's Government Bonds Trim Gains After 10-Year Sale Meets Tepid Demand

(Bloomberg) -- Japanese government bonds trimmed
gains after an auction of 10-year securities.

The Ministry of Finance's sale of 1.9 trillion yen ($15.5
billion) of 10-year bonds drew bids worth 2.68 times the amount
sold, lowest since January. The ministry today set a 1.9 percent
coupon, the highest since August last year.


Read more at Bloomberg Bonds News

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