Toyota’s Lost AAA Gives Japan Home Bonds Rare Value

Toyota’s Lost AAA Gives Japan Home Bonds Rare Value

Kimimasa Mayama/Bloomberg

Houses at a newly developed residential district in Yoshikawa City, Saitama Prefecture, Japan. The Japan Housing Finance Agency sold 148.8 billion yen ($1.8 billion) of 1.44 percent bonds tied to home loans on March 27 that yielded 40 basis points more than government bonds, according to data compiled by Bloomberg.