The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table. The Bond Market Is Suffering The bonds came from gas and oil exploration venture CNX Resources Corp. Believing customers would be excited about these newfound investment opportunities, MUFG sought to overpower the purchase proposal
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