Friday, August 3, 2007

Japanese Five-Year Bonds Complete Longest Weekly Advance Since May 2005

(Bloomberg) -- Japan's five-year notes advanced for
a fourth week on speculation any slowdown in the U.S., the
country's biggest export market, will make it harder for the
Bank of Japan to raise interest rates this month.

Five-year notes had their longest weekly advance since May
2005 on concern riskier assets such as corporate bonds and
stocks will extend losses. Bear Stearns Cos., the manager of two
hedge funds that collapsed last month, said this week that it
blocked investors from pulling money out of a third.


Read more at Bloomberg Bonds News

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