Japan's Investors Bought Most Treasuries Since 2010 in September
- Managers piled in as expectations waned for Fed rate rise
- Japanese boosted sales of Australian government bonds
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Japanese investors snapped up Treasuries in September at the fastest pace in five years as the Federal Reserve decided against tightening policy, which would have been the first interest-rate increase since 2006.
Investors in the Asian nation bought 2.82 trillion yen ($23 billion) of U.S. debt in the month, the most since they made their biggest purchases on record in July 2010, based on Ministry of Finance data that goes back to 2005.