Report
Global fund managers warm to Japanese government bonds again
Bloomberg reports elevated yields are gaining appeal alongside signs of returning domestic demand and expected rate hikes.
TLDR
Bloomberg reports that T. Rowe Price now favors longer-maturity Japanese government bonds, Allianz Global Investors is selectively adding intermediate- and long-dated bonds, and BNP Paribas Asset Management has increased its super-long holdings. The shift follows signs of renewed domestic buying, but investors remain concerned about how Japan will fund proposed tax cuts and higher defense spending.
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