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Japanese Investors Chase 15% Yields All the Way to Turkey

johnNjohnN
in The Bullpen
https://www.bloomberg.com/news/articles/2019-08-04/japanese-investors-chase-15-yields-all-the-way-to-turkey

Japanese Investors Chase 15% Yields All the Way to Turkey
By Yumi Teso
and Tomoko Yamazaki
August 4, 2019, 5:01 PM CDT
Updated on August 5, 2019, 2:12 AM CDT

Turkish lira is top pick for Sumitomo Mitsui DS Asset manager
‘Outstandingly higher yields’ propel Japanese retail demand


JPY
Japanese Yen Spot
105.9900
JPY
-0.6000-0.5629%
8316
SMFG
3,685.00
JPY
-55.00-1.47%
TRY
Turkish Lira Spot
5.5414
TRY
-0.0170-0.3058%
MCO
MOODY'S CORP
206.64
USD
-7.66-3.57%

A 15% yield buys you a lot of patience in a world with $15 trillion of negative-yielding debt.
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