Credit Market in Japan Bucks Global Trend as Firms Line Up Deals

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Japan is one of the few major markets where corporate bond sales are barreling ahead as issuers grab what may be their last opportunity to lock in low borrowing costs.

Toyota Motor Corp., the world’s largest carmaker, and at least 20 other firms are looking to raise funds in October. That would add to ¥12.7 trillion of deals so far this year, the most for that period on record. In contrast, US investment-grade corporate bond issuance has fallen to the lowest in four years.

A government push for savers to shift more into investments is resulting in a more active credit market and a broader range of products. Among public offerings, there was a debut sale of bonds by a company without credit ratings, and SoftBank Corp. is planning to issue bond-type stock in the first of its kind in the country.

At the same time, investors in Japanese corporate bonds have enjoyed a return of 0.5% so far this year, after the first annual loss in 11 years in 2022. An end to the BOJ’s negative-rate policy and yield-curve control program may come in January, with a “risk of early revision” in December, Morgan Stanley MUFG Securities Co. said last week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq Helps Japan Startups Escape Risk-Averse Home MarketDozens of Japanese startups are preparing to list on Nasdaq in the next few years as an unprecedented number of entrepreneurs turn away from an aging, risk-averse home market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is avertedBANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Markets in China are closed for a weeklong holiday. Markets in South Korea also were closed. Oil prices gained and U.S. futures were higher as the threat of a U.S. federal government shutdown receded after Congress approved a temporary funding bill late Saturday to keep federal agencies open until Nov. 17. Japan’s Nikkei 225 index advanced after a central bank survey showed business confi
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

In the Market: US bond market signals the end of an eraThe U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. The market's view has come into sharp focus in recent days amid a dramatic run-up in 10-year Treasury yields that hit 16-year highs. Behind that move is a bet that the disinflationary forces the Federal Reserve fought with its easy money policies in the aftermath of the financial crisis have abated, according to investors and a regularly updated New York Fed model based on yields.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

In the Market: US bond market signals the end of an eraBy Paritosh Bansal (Reuters) - The U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

LACKIE: September market stats will tell the tale of a market in transitionNow that September has come to a close, we can all wait with bated breath for the data that will show how the real estate market fared.
Source: TheTorontoSun - 🏆 23. / 68 Read more »