World’s Biggest Bond Traders Undeterred by Negative Yields
- Quirk in hedging markets transforms Japanese debt returns
- Soaring Japanese bill holdings signal Chinese interest
Buchanan: 'Confused' Bond Markets Need Fed Clarification
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It might be considered absurd, if not for the unprecedented contortions in global financial markets.
Pacific Investment Management Co.’s largest international bond fund and China are piling into negative-yielding Japanese debt, buying securities that pay out less than the purchase price. And there’s a way to turn a tidy profit off the trade.