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Rout Sends Every Japanese Company Bond Sold in July Under Water

  • Over 2 trillion yen of local bonds sold in July now below par
  • Price declines come as Japanese government debt sells off
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Are Government Bonds Worth the Risk?

Prices for every Japanese corporate bond sold in July dropped below face value as a selloff in domestic government debt rippled through global fixed-income markets.

All 63 bonds sold in yen by Japanese companies in July saw their prices fall below par as government notes on Tuesday tumbled by the most in more than three years, data compiled by Bloomberg show. Firms sold more than 2 trillion yen ($19.8 billion) of bonds in July, the most since June 2009, the data show.