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Government bonds of Japan had closed lower in the last Thursday in the pricings of a firmer stocks, with the confidence of the market weakens because the bond pricings of Europe remains on pressure, and the market of US will be providing no leads because they will be closed on Wednesday for their Independence Day.
“The pricings of bond weigh down on selling orders, this is possible from pension funds,” as told by Kazuya Ito, the fund manager of Daiwa SB investment. The US Treasuries response on the reported employment will be watched by the investors for leads.
Also the two-day monetary policy of Japan will be keenly awaited by next week, when central banks wide expectation on leaving the key rate to 0.5%. A hike on the interest rates is anticipated on August.
“The expectation of the people will be just calm if the vote was unanimous, they will be focused on the votes of the members by next week. But if there should be an oppose votes then they might react negatively.”
The 10-year bond on yield benchmark had a closing of 1.920% on Wednesday’s close. The 2-year old note yields on lead increased to 1.515%. The pricings on the bond move opposite on yields. Pricings on September future contracts on the 10-year bond slipping at 131.63 yen.
07:53
Posted on Jul-06-2007
