Taiwan government bonds are likely to rise further in the near term thanks to ample liquidity in local banking system, says a local trader. "Bond investor sentiment improved after better-than-expected results for a 10-year bond auction last week as local banks bid actively during the auction," she adds. Local bonds extend recent rises Wednesday in thin trade, tracking Tuesday's gains in U.S. Treasurys and boosted by weak local stocks. The most-traded 10-year government bond yield is at 1.1650%, from 1.1700% late Tuesday in Taipei; the yield is tipped to trade in a 1.1600%-1.1700% band Thursday. The Taiex ends 0.8% lower.
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