(Reuters) - In recent interviews with Reuters, many of the nation's top insurers said they planned to keep trimming hedged holdings after cutting them in the 2006-07 financial year, as higher rates make it expensive to protect holdings from currency fluctuations.
Sumitomo Life Insurance, the nation's fourth-largest insurer by assets, said it had let expire euro bonds purchased before the European Central Bank began lifting rates about two years ago, and had no plans to reinvest those funds back into hedged bonds.
Read more at Reuters.com Bonds News
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