Bloomberg News

Japan’s Bonds Decline as Stock Gains Sap Demand for Safety

January 04, 2012

Jan. 4 (Bloomberg) -- Japanese government bonds dropped as Asian stocks extended a global rally in equities, sapping demand for the relative safety of government debt.

The yield on the 20-year bond rose 2.5 basis points to 1.765 percent as of 2:55 p.m. in Tokyo. The MSCI Asia Pacific Index of stocks gained 1.1 percent. Japan’s markets re-opened today after the New Year holiday.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus