Japan Bonds to Beat U.S. for First Time Since 1999
July 14 (Bloomberg) -- Japanese bonds will beat Treasuries this year for the first time in a decade as the economy shrinks at twice the pace of the U.S., the largest traders in the securities said.
The yield on Japan’s 10-year bond will end 2009 at 1.30 percent, little changed from the three-month low of 1.27 percent set last week, based on the median estimate in a Bloomberg News survey of the 23 primary dealers that bid at government debt sales.
Japan 10-Year Yield Forecasts:
Primary Dealer Year-End Forecast
----------------------------------------------------------
Barclays Capital Securities Ltd. 1.4
BNP Paribas Securities 1.6
Calyon Securities 1.5
Credit Suisse Securities 1.0
Goldman Sachs Securities 1.25
Daiwa Securities SMBC Co. 1.7
Deutsche Securities Inc. 1.8
JPMorgan Securities Inc. 1.4
Mitsubishi UFJ Securities Co. 1.2
Merrill Lynch Japan Securities Co. 1.6
Mizuho Bank Ltd. N/A
Mizuho Corporate Bank Ltd. N/A
Mizuho Investors Securities Co. 1.6
Mizuho Securities Co. 1.1
Morgan Stanley Japan 1.15
Nikko Citigroup Ltd. 1.3
Nomura Securities Co. 1.3
Okasan Securities Co. 1.5
RBS Securities Inc. 1.3
Sumitomo Mitsui Banking Corp. 1.125
Tokai Tokyo Securities Co. 1.6
Tokyo-Mitsubishi UFJ Ltd. 1.3
UBS Securities LLC 1.3
Article:
http://www.bloomberg.com/apps/news?p...d=ai.kzpPplBrM
July 14 (Bloomberg) -- Japanese bonds will beat Treasuries this year for the first time in a decade as the economy shrinks at twice the pace of the U.S., the largest traders in the securities said.
The yield on Japan’s 10-year bond will end 2009 at 1.30 percent, little changed from the three-month low of 1.27 percent set last week, based on the median estimate in a Bloomberg News survey of the 23 primary dealers that bid at government debt sales.
Japan 10-Year Yield Forecasts:
Primary Dealer Year-End Forecast
----------------------------------------------------------
Barclays Capital Securities Ltd. 1.4
BNP Paribas Securities 1.6
Calyon Securities 1.5
Credit Suisse Securities 1.0
Goldman Sachs Securities 1.25
Daiwa Securities SMBC Co. 1.7
Deutsche Securities Inc. 1.8
JPMorgan Securities Inc. 1.4
Mitsubishi UFJ Securities Co. 1.2
Merrill Lynch Japan Securities Co. 1.6
Mizuho Bank Ltd. N/A
Mizuho Corporate Bank Ltd. N/A
Mizuho Investors Securities Co. 1.6
Mizuho Securities Co. 1.1
Morgan Stanley Japan 1.15
Nikko Citigroup Ltd. 1.3
Nomura Securities Co. 1.3
Okasan Securities Co. 1.5
RBS Securities Inc. 1.3
Sumitomo Mitsui Banking Corp. 1.125
Tokai Tokyo Securities Co. 1.6
Tokyo-Mitsubishi UFJ Ltd. 1.3
UBS Securities LLC 1.3
Article:
http://www.bloomberg.com/apps/news?p...d=ai.kzpPplBrM
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