Japan Is About To Sell Its First Ever Junk Bond... With A 1% Coupon
May 30, 2019 at 05:28 AM EDT
What is most remarkable about the bond sale in the country where the 10Y yield has been trading mostly in negative territory for over half a decade, is that the 18-month yen junk bond is set to price on Friday with a coupon of, wait for it, 1%.
