Tuesday, 11 September 2012

Taiwan Govt Bonds Down A Tad; 10-Yr Yld Cap At 1.19%


Taiwan government bonds are slightly lower in thin trading, with most investors taking a wait-and-see attitude ahead of the government's economic stimulus package to be announced later in the day and the FOMC meeting later this week, says a local trader. "If the government presents comprehensive economic stimulus measures with a specific timetable, that is likely to weigh on the bond market," he adds. The most-traded 10-year bond yield rises to 1.1785% from 1.1740% late Monday in Taipei; the trader tips the yield in a 1.1700%-1.1900% band for the session.

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