Friday, January 29, 2010

Japan’s Note Yields Fall to Three-Week Low on Recovery Concern

http://www.bloomberg.com/apps/news?pid=20601101&sid=ax.HQEKwfSIc

“People are becoming risk-averse again as evident by falling stocks and the rising yen,” said Akitsugu Bandou, a senior economist in Tokyo at Okasan Securities Co. “Risk- aversion means that bonds will fare well.”

The Nikkei 225 Stock Average lost 0.7 percent as the yen reached its highest level in five weeks against the dollar.

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