GulfBase Live Support
Leave a message and our representative will contact you soon
09/04/2010 00:00 AST
The Japanese government bond yield curve remained under flattening pressure on Friday as the superlong sector stayed bullish on continuing purchases from investors such as life insurers, while the market awaited a meeting between the government and the Bank of Japan later in the day.
Futures gained on the strength in superlong debt, which has outperformed the long-end this week on steady buying from investors such as pension funds and life insurers allocating their funds for the new fiscal year which began on April 1.
Mitsui Life Insurance Co said in an interview with Reuters on Thursday that Japan's fifth-largest life insurer is likely to buy 100 billion yen ($1.07 billion) in superlong bonds in the current financial year.
Japan's top nine insurers hold around $1.6 trillion in assets -- about the size of Brazil's economy -- and their investment moves are watched closely by both domestic and overseas market players. For the latest life insurer interview series, click on.
Dealers have also been buying superlongs to replenish their inventories after trimming their books to reduce risk exposures before the previous fiscal year ended on March 31, market players said.
For more on this Click Here
Guardian.co.uk
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
26/11/2025
US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business c
Kuwait Times
26/11/2025
Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich prov
Asharq Al Awsat
26/11/2025
Egyptian President Abdel Fattah al-Sisi met Eni CEO Claudio Descalzi to review the Italian group's investments in the African country and discuss new initiatives, the energy company said on Tuesday.
Asharq Al Awsat
26/11/2025
Computer and printer maker HP announced Tuesday a sweeping restructuring plan that will eliminate about 10 percent of its workforce globally as the company pivots toward artificial intelligence to bo
AFP
25/11/2025
Like everyone else, policymakers at the Federal Reserve are increasingly obsessed with artificial intelligence and its promise of a turbocharged economy. They're just not ready to make a big call tha
Bloomberg