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Strategies & Market Trends : BONDS...Let's talk

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To: John Liu who wrote (15)2/26/1999 9:02:00 AM
From: Liatris Spicata  Read Replies (1) of 37
 
From today's WSJ:

The recent jump in Japanese bond yields has reignited fears of a pullout from the U.S. market by Japanese investors. Thursday, the Treasury market continued its furious sell-off in part because of these concerns. The benchmark 30-year bond stumbled 21/32, or $20.3125 per $1,000 bond-to push up the yield, which moves inversely to price, to 5.650%, the highest yield since August. But Japanese parties owned about7.2% of outstanding Treasurys as of Nov. 30, according to the Securities Industry Association, down slightly from 1997 -- and far less than even some pros believed. "I thought the figure was closer to 20%," confesses a Wall Street economist who requested anonymity.

Regards,

Larry
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