Japanese Bonds Rise, Halt 2-Day Drop, as Producer Prices Fall

April 13, 2010 Share Print 0

JapanÃ¢â‚¬â„¢s bonds rose, snapping a two-day loss, after a Bank of Japan report showed producer prices dropped for a 15th-consecutive month, reinforcing the case for the bank to keep interest rates near zero.

Ten-year yields fell from near the highest level since November after the BOJ said producer prices dropped 1.3 percent last month, more than the 1.1 percent decline estimated by economists in a Bloomberg survey. The Ministry of Finance auctioned 600 billion yen ($6.4 billion) in 30-year bonds today.

Bloomberg

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Dean Popplewell

Vice-President of Market Analysis at MarketPulse

Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.