Foreigners Piled into Japan Bonds in June with Near-Record Buys.

Keywords: ASIA; BON; BUSINESS; FRX; JAPAN; MARKETS; WORLD EN ASIA BON BUSINESS FRX JAPAN MARKETS WORLD Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. Overseas investors buying five-year JGBs using cross-currency swaps funded in euro or the Aussie dollar can earn around 50 basis points more than from similar-maturity German or Australian paper. QWIVMXT0G1KW (Bloomberg) -- Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. [Extracted from the article]