TOKYO: Japanese investors bought the most US sovereign bonds since July 2016 in September, when the Federal Reserve raised interest rates for the third time this year, spurring an advance in the dollar and Treasury yields.
Investors bought a net 2.28 trillion yen (US$20bil) of the debt, according to balance-of-payments data from the Asian nation’s Finance Ministry yesterday.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
