(Bloomberg) -- Dai-ichi Mutual Life Insurance Co., Japan's second-largest life insurer, said it plans to boost holdings of domestic bonds by ``several hundred billion yen'' in the fiscal year started April 1.
The company will buy more 10-, 20- and 30-year bonds to lengthen the average maturity of its yen debt assets should yields rise, said Kazuhiko Ibuki, a manager in the investment planning department. Overseas bond purchases will be unchanged, he said.
Read more at Bloomberg Bonds News
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