Jan. 4 (Bloomberg) -- Japanese government bonds dropped as Asian stocks extended a global rally in equities, sapping demand for the relative safety of government debt.
The yield on the 20-year bond rose 2.5 basis points to 1.765 percent as of 2:55 p.m. in Tokyo. The MSCI Asia Pacific Index of stocks gained 1.1 percent. Japan’s markets re-opened today after the New Year holiday.
To contact the reporter on this story: Masaki Kondo in Singapore at email@example.com
To contact the editor responsible for this story: Jonathan Annells at firstname.lastname@example.org