BOJ’s $267 Billion JGB Buys Spur Record Win Streak: Japan Credit
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Japanese government bonds are headed for the longest run of annual gains on record, buoyed by central bank purchases almost equivalent to Malaysia’s economic output.
The bonds have returned 2.1 percent on an annualized basis in 2012, set for a ninth year of gains that’s the longest streak since at least 1986, a Bank of America Merrill Lynch index shows. Ten-year yields have declined 22 basis points to 0.76 percent. U.S. Treasuries are poised to post a third annual gain with a 2 percent return, while the benchmark rate has fallen 10 basis points.