2012.05.07 04:51:01 MARKET TALK: Taiwan Govt Bonds Up; 5-Yr Yield Floor At 0.955%

0251 GMT [Dow Jones] Taiwan government bonds are higher, as investors seek safety in fixed income assets amid falling local stocks (the Taiex is 2.2% lower) amid concerns over Europe's debt situation following Greek and French elections, says a local trader. He adds Taiwan's April CPI data announced earlier was largely in-line with market expectations and didn't affect the bond market. "The central bank raised the overnight interbank rate only by 0.1 basis point on Monday, which was also seen as mild in its monetary tightening stance," he adds. The most-traded five-year bond yield falls to 0.9655% vs 0.9800% at Friday's close; the trader tips the yield in a 0.9550%-0.9700% band for the session. The 10-year yield is at 1.2395% vs 1.2700% late Wednesday. (fanny.liu@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 06, 2012 22:51 ET (02:51 GMT)