Japan's insurers returning to foreign credit hunt

Japanese life insurers have resumed buying in the foreign credit market after nine straight months of net sells. The purchases are driven by higher returns in the United States credit market, reflecting not only higher long-term interest rates but also higher credit spreads in investment-grade securities as well as stronger liquidity, according to the latest report by Moody’s Investors Service. Against the backdrop of economic recovery, the 10-year US Treasury yield has climbed …