Bar­clays sees linker rally as de­mand rises

China Daily (Canada) - - FRONT PAGE -

Ja­pan’s in­fla­tion-linked bonds drew the strong­est auc­tion de­mand in 15 months and Bar­clays Plc sees fur­ther gains as cen­tral bank stim­u­lus drives up liv­ing costs. Ten-year gov­ern­ment se­cu­ri­ties linked to Ja­pan’s con­sumer price in­dex re­turned to 2.4 per­cent in 2014, lag­ging be­hind the 4.5 per­cent gain in both Ja­panese con­ven­tional notes and in­fla­tion-linked sov­er­eigns of the United States, ac­cord­ing to Bank of Amer­i­caMer­rill Lynch in­dex data. The bid-to­cover ra­tio at theM­i­nistry of Fi­nance’s sale of 500 bil­lion yen ($4.3 bil­lion) of the 2024 link­ers last week was the high­est since Oc­to­ber 2013.

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