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Japan's negative yields drawing record global investment
Published Wed, Nov 25, 2015 · 09:50 PM
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Tokyo
WHY would global investors buy Japanese government bonds (JGBs) with negative yields when US Treasuries offer the highest premium since 2010? The answer lies in swap markets.
The yield on two-year JGBs dropped to minus 0.03 per cent on Nov 20 for the first time since January after the Bank of Japan stuck to its unprecedented st…
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