Global fund managers grow bullish on Japanese government bonds

What happened: Global fund managers are returning to Japanese government bonds, citing recovering domestic demand, a more supportive policy backdrop, and elevated yields. Why it matters: The shift reverses earlier caution when high yields alone did not offset worries about slow BOJ rate hikes, fiscal spending swelling debt supply, and absent domestic buyers.

Global fund managers are returning to Japanese government bonds, citing recovering domestic demand, a more supportive policy backdrop, and elevated yields.

The shift reverses earlier caution when high yields alone did not offset worries about slow BOJ rate hikes, fiscal spending swelling debt supply, and absent domestic buyers.