14 February 2001, 11:08  JAPANESE BONDS RALLY; NIKKEI CLOSES LOWER

Japanese government bonds rose strongly amid expectations that the Bank of Japan would likely cut interest rates soon to support the struggling economy. The yield on the benchmark 10-yr fell 4 bps to 1.37%. Weaker equities also underpinned the bond market. The Nikkei 225 stock index closed 1.1% lower at 13,274.7

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