Japan’s Bonds Fall for 8th Week on U.S. Recovery Signs, Stocks
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Japan’s 10-year bonds fell for an eighth week, the longest stretch since April 2006, as signs the U.S. economic recovery is gaining momentum damped demand for the relative safety of debt.
Benchmark 10-year yields climbed to a five-month high as local stocks rose for a fifth week, U.S. pending home sales increased in October and the Federal Reserve’s Beige Book showed the U.S. economy gained strength across much of the nation. Japan’s 30-year bonds declined on speculation investors reduced holdings to prepare for an auction next week.