U.S. jobs report reverberates in Taiwan bonds

07/8/2013 | Bloomberg

A robust U.S. employment report Friday was felt strongly in the market for Taiwan bonds Monday, with prices plunging and the yield on the five-year bond reaching a nearly two-year high. Looking ahead, the U.S. jobs report is "not the kind of data the market can just digest in a day. Five-year yields may go as high as 1.27% this week," said fixed-income trader Sam Chang of Yuanta Securities in Taipei.

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