Are Yields Set to Sink Further?
Japan is taking its ultra-low bond yields global as yen funds flock to U.S. Treasuries at the fastest pace ever. Japanese investors were net buyers of long-term U.S. sovereign debt in April, after scooping up an unprecedented 5 trillion yen ($47 billion) in March, Ministry of Finance data show. That helped drive the cost to hedge their currency risks to the highest since the global financial crisis. Bloomberg's Simon Kennedy reports and BNP Paribas Global Head of G10 Rates Strategy Laurence Mutkin discuss with Bloomberg's Francine Lacqua on "The Pulse."
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