E-Learning

Japan's 30-year bonds rise as weak auction adds to pressure to curtail issuance

Japan's 30-year government bond prices rose after the weakest auction of the securities in more than a year added to pressure on the Ministry of Finance to reduce supply of super-long notes. "Investors bought the bonds as they thought the 30-year bonds had become cheap," said Miki Den, a senior Japan rate strategist at SMBC Nikko Securities. Expectations for the move rose after Reuters reported last week the Ministry of Finance is considering reducing its sales of super-long bonds.

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Volatility Has Been Good for Making Deals: Caillaux

Gabriel Caillaux, co-president at General Atlantic, says the firm is capitalizing on recent market turbulence to strike deals, as private equity offers alternative funding avenues for companies facing an uncertain initial public offering market. "We have taken advantage of volatility honestly to price deals in a way I haven't seen in almost 20 years."

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