Business / Financial Markets Jul 24, 2023
Global yen bond market emerges as oasis amid Japan volatility
Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018.
Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018.
The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt total returns, has fallen 11% from a high in January 2021.
The Japanese technology giant sold $3.85 billion of dollar-denominated debt and €2.95 billion ($3.5 billion) of notes on Wednesday.
SoftBank has long tapped individual investors in Japan rather than institutions for most of its yen funding from the local bond market, taking advantage of its strong brand recognition.
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