Yen To Weaken, A Positive For World Stocks
Stock-Markets / Stock Markets 2010 Mar 19, 2010 - 05:10 AM GMTBy: Daniel_Bruno
Benchmark yields climbed to the highest level since the start of February before a government report next week that economists said will show exports surged more than 40 percent last month from a year earlier. Bonds also dropped this week as sentiment among manufacturers climbed and demand for services increased, boosting the appetite for higher-yielding assets.
“Economic prospects are turning out be much brighter than expected,” said Shinji Nomura, chief debt strategist in Tokyo at Nikko Cordial Securities Inc., part of Japan’s third-largest banking group. “Upward pressure on bond yields will increase.”
By Daniel Bruno
Chartered Market Technician
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