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5 year JGB yields at 4 year low
By Sean Lee || July 10, 2009 at 03:57 GMT
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The yield on the 5 year JGBs fell below 0.66% to a new 4-year low. The earlier wholesale price data shows that Japan is headed into deeper deflation, a perennial problem for Asia’s biggest economy. Pimco, the worlds largest bond fund, is forecasting further falls in yields for JGBs.
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