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Japanese Bonds Rally as Global Tech Rout Fuels Haven Demand

Bloomberg.com·John Cheng, Eru Ishikawa·4 days ago
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Japanese government bonds extended their recent gains on Friday as a deepening global selloff in technology stocks drove investors into traditional haven assets.

The appeal of havens was also evident in US Treasuries, which largely held the advances made Thursday. The yen swung between gains and losses after earlier jumping as much as 0.4% versus the dollar. It had climbed 0.9% on Thursday in a move by investors into haven currencies.