LISTEN TO ARTICLE 2:29 Photographer: Akio Kon/Bloomberg Photographer: Akio Kon/Bloomberg Japanese bond traders just had a taste of what it’s like when the nation’s central bank and pension fund aren’t there to support them. Bond futures tumbled by the most since 2016, triggering margin calls for investors, after the worst 10-year debt auction in three years. Yields across the curve climbed, while the sell-off also spilled into Treasuries and European debt.
Your Name: Your Email: Send Email To: Keep this field blank Investors were mostly driven into the market by years of ultra-low interest rates. Chikafumi Hodo, Daisuke Sakai and Kazumi Miura, Bloomberg / 22 September 2019 No comments so far Popular tales of “Mrs. Watanabe” — the canny Tokyo housewife who dabbles in currency trading in between school runs and shopping — barely begin to tell the story of Japan’s retail traders in the foreign exchange market.
1 / 2Why Investors Will Still Flock to Negative-Yield Japan Bonds(Bloomberg) -- The return of dovish central banks is putting Japan’s negative-yielding government bonds back on the investment menu for global funds. Overseas investors bought 638.3 billion yen ($5.8 billion) of Japanese bonds in five days through Feb. 1, the most in three weeks, Ministry of Finance data showed Thursday.