Thursday, July 26, 2007

Japan's Government Bonds May Rise as Stock Decline Spurs Flight to Safety

(Bloomberg) -- Japanese bonds rose for a third day
after a slide in global stock markets and other riskier assets
spurred demand for the relative safety of government debt.

Japanese corporate bond risk rose to the most since May
2005, according to traders of default protection. Developing
nation debt fell yesterday in New York for the fifth day,
pushing the yield premium over U.S. Treasuries to the widest in
more than a year, according to JPMorgan Chase & Co.'s EMBI Plus
index. A government report today showed Japan's consumer prices
declined for a fifth straight month.


Read more at Bloomberg Bonds News

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