Treasury Yields Signal Buy Opportunity for Japanese Investor
- Yields near technical peak even with short-term upside risks
- Asset Management One shifting to Treasuries from Aussie bonds
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The surge in U.S. Treasury yields has gone too far for one Japanese fund manager. He has stepped in to buy and suggests his compatriots do the same.
U.S. 10-year yields have risen to a key technical resistance level just below 1.40% and won’t go as far as 1.50%, according to Akira Takei, a global fixed-income money manager at Asset Management One in Tokyo. That makes the recent bond selloff a good buying opportunity with a lower likelihood of incurring significant capital losses, he said.