Photographer: Noriyuki Aida/Bloomberg

Nowhere to Run for Japan Funds as Hedged U.S. Bond Yields Vanish

  • Treasury yields turned negative after hedging for yen moves
  • Japanese 20-year yield also dipped below zero for first time

Japan’s bond investors are running out of options, after the yield on both the 20-year government security and currency-hedged 10-year Treasuries slid below zero last week.

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