Vanguard, RBC BlueBay Scoop Up Battered 30-Year Japanese Bonds
The selloff in Japan's long-dated bonds is drawing international investors, who expect the securities to rebound as global trade turmoil abates.
Japanese 30-year government borrowing costs approached 3% this week for the first time in almost 25 years, and there are fears of further rises as tariff-linked uncertainty sends investors toward shorter-dated bonds. Yet, some funds, including Vanguard and RBC BlueBay Asset Management, see the moves as a green light to buy more of the super-long securities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
16 minutes ago
- Bloomberg
Singapore Order Leads Unlicensed Crypto Exchanges to Weigh Exit
A final warning from Singapore's regulator has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit. Bitget and Bybit — top-10 exchange operators by volume with a presence in Singapore but no local license — plan to reorganize their teams, according to people familiar with the matter. Bitget will shift staff to jurisdictions including Dubai and Hong Kong, while Bybit is weighing similar moves, said the people, who refused to be identified as the plans are confidential.
Wall Street Journal
an hour ago
- Wall Street Journal
Trump Has No China Trade Strategy
President Trump on Wednesday hailed the result of the latest trade talks with China as a great victory, but the best we can say is that it's a truce that tilts in China's direction. Details are few, but the countries appear to be resetting their trade relationship to where it was a few months ago before a tit-for-tat escalation. Mr. Trump had agreed to reduce tariffs on China to 30% (55% including those he imposed during his first term) from 145% while China dropped its tariffs on U.S. goods to 10% from 125%.
Associated Press
an hour ago
- Associated Press
Nintendo says sales of its Switch 2 hit a record within four days
NEW YORK (AP) — Nintendo says it sold more than 3.5 million of its new Switch 2 gaming consoles within the first four days since its release — breaking a record for the company. In a Wednesday announcement, Nintendo said that this marks the 'highest global sales level' for any of hardware it's sold within that window of time. The Japanese gaming company officially launched the Switch 2 on June 5. Fans of the console's eight-year-old predecessor have been clamoring for an upgrade for years. Throngs of gamers stood in long lines outside stores for the Switch 2's release around the world last week — less than two months after a chaotic rush for preorders quickly sold out. Nintendo is counting on the Switch 2 to boost sagging sales. And in addition to a larger screen and new games, the console has added social features aimed at luring new players into online gaming. Nintendo has said it expects to sell 15 million Switch 2 consoles for the fiscal year through March 2026. The 3.5 million sold in the first four days includes the Nintendo Switch 2's Mario Kart World Bundle, as well as the Switch 2's Japanese-language and multi-language systems sold in Japan. The Switch 2's baseline price of $449.99 is significantly higher than the original Switch's $299 price tag. While new bells and whistles may account for a sizeable portion of that hike, experts have previously noted that new tariffs imposed by U.S. President Donald Trump are also a contributor. Evaluating the impact of these import taxes also led Nintendo to delay its April preorders by several weeks.
