Nippon Life executive says it may buy more JGBs near historic yields
A senior Nippon Life Insurance executive said rising Japanese government bond yields to historic levels are increasing the allure of long-term debt, a key part of its buying.
By Tomo UetakeA run-up in Japanese government bond yields to historic levels has increased the allure of the securities, said a senior executive at Nippon Life Insurance, a key buyer of the nation's long-term debt.The 10-year JGB yield (JP10YTN=JBTC) crossed 3% this week for the first time since 19…