Japanese investors bought 127.9 billion yen of Australian debt outside the sovereign market in September, a seven-month high... and more than four times the monthly average over the past five years
- Of state and corporate debt
"The beauty of those bonds is that there some spread against Commonwealth bonds," said Yusuke Ito, a senior investor in Tokyo at Mizuho Asset Management, which has $40.9 billion in assets. "These are always safe, so this premium is a good opportunity for us to make some additional money. We try to maintain some exposure."
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Another source of AUD bids.
