Japanese yields breaking long-standing barrier draws global capital back
Benchmark Japanese bond yields have broken through a long-standing barrier, with higher returns starting to tease capital home and reversing prior flows into global bond markets.
By Rocky Swift and Harry RobertsonWith benchmark Japanese bond yields breaking through a three-decade-old barrier, higher returns are starting to tease capital home, reversing what was once a dependable flow of funds into global bond markets.The 3% threshold is significant not just for funding cost…