Reported about 1 year ago
Economic situation in April 2024 became uncertain, leading to a sharp increase in US and overseas bond yields and a corresponding decrease in prices, creating sweet deals for buying bonds and prompting banks and life insurance companies to join the competition. According to the Financial Supervisory Commission, banks and life insurance companies dedicated 2,024 billion NT dollars in April to buy bonds, marking the second-highest amount so far this year. In the first four months of the year, the financial industry has invested over 700 billion NT dollars in bonds, with banks and life insurance companies leading the purchases while securities firms stood on the selling side. The increased investment was mainly due to market expectations of a prolonged high-interest rate environment in the US, resulting in rising bond yields and a favorable opportunity for bond buyers to enter the market, aiming to increase returns.
Source: YAHOO