# Dollar swap alchemy gives unloved JGBs a high yield allure

> Two-year Japanese government bonds yield minus 0.26 percent, but asset swaps can repackage them into floating-rate notes yielding about 30 basis points above LIBOR. The Reuters piece describes this as a way to gain yield from JGBs.

- Date: 2017-03-24 · published 2017-03-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/72240-dollar-swap-alchemy-gives-unloved-jgbs-a-high-yield-allure
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is a fixed-income structuring story with no direct effect on feed supply, demand or prices.

## Sources

- reuters.com: https://www.reuters.com/article/markets/dollar-swap-alchemy-gives-unloved-jgbs-a-high-yield-allure-idUSL3N1GM2XA/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.