U.S. Corporate Debt Is on Fire This Year Thanks to Japan
- More than $9 trillion of bonds have negative yields worldwide
- Issuers announce deals during morning in Asia or Europe
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Japanese investors are powering this year’s U.S. corporate bond rally.
Money managers in Asia are binging on blue chip American company debt after having cut back late last year. A measure of overseas buying in 2019 has more than doubled from a year earlier, according to Bank of America Corp. Japanese purchases of foreign debt, including U.S. corporate bonds, are off to their strongest start since 2012, according to the bank.