The trend for firm longer bonds and weak shorter debt will continue this month. Investors feel safer buying bonds on slumping stocks.
More Quotes from Yoshihiro Gake:
I don't think there are any investors who can say with confidence that 20-year bonds are a great buy with stocks rallying. It's natural to see some selling of bonds ahead of the auction.Yoshihiro Gake
Investors aren't going to chase 20-year bonds with yields under 2 percent. The market is facing selling pressure before the auction.
Yoshihiro Gake
Yields near 1.6 percent look attractive for buyers. Concern about GM prompted some flight-to-quality buying in Japanese bonds.
Yoshihiro Gake
The slide in stocks is a positive for bonds. Further stocks declines will damp individuals' sentiment and could affect growth.
Yoshihiro Gake
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