Credit managers are nervously awaiting data this coming week that will show whether a Japanese pullback from US corporate bonds in August was a blip or the beginning of a trend. Government bond yields in Japan have risen in recent months as speculation grows that the nation’s central bank will step back from its super easy monetary policy. That may spur investors there to move money home to take advantage of higher returns. Such moves by Japanese investors, traditionally among the biggest buyers of US corporates, could reduce global market liquidity and increase the risk of volatility. Demand for US company debt from ... (full story)