Pimco may buy long-term Japanese government bonds if yields hit 3%
According to Pimco's Japan co-head, the investment giant may take an interest in long-term Japanese government bonds (JGBs) if yields reach 3%. The comment matters to investors closely tracking the rise in yields in Japan's bond market.
The Japan co-head of the global investment firm Pimco said the company could take an interest in long-term Japanese government bonds. He pointed to yields reaching the 3% level as the condition for doing so.
Japanese government bond yields have risen markedly in recent times after staying low for many years. The outlook is reshaping investor strategies in one of the world's largest bond markets.
A move by large funds such as Pimco into long-term JGBs could affect demand and pricing. Investors are closely following the Bank of Japan's policy steps and movements in the yield curve.
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