Asian life insurers shun Treasuries as yields judged too low
Asian life insurers shun Treasuries as yields judged too low April 19, 2021 By Kevin Buckland April 19 (Reuters) – Life insurers in Japan and Taiwan are shunning Treasuries as benchmark yields languish around five-week lows. Japan’s Daido Life Insurance said it would consider buying 10-year Treasuries when yields rise to 2%, from around 1.56% currently, while a major Taiwanese insurer said it would buy when yields approach 1.75%. The benchmark yield rose as high as 1.776% at the end of March for the first time in 14 months, as investors bet that massive fiscal stimulus amid...