Loading...
According to data from the Japan Securities Association on Wednesday, overseas investors sold 81.3 billion yen (about $512 million) of ultra long dated Japanese treasury bond in April, the first net outflow since December 2024. Masaichiro Maeda, head of foreign exchange and interest rate strategy at Barclays Japan, said that the foreign sell-off reflects the fragility of the bond market and drives up yields. This week, Japan's 30-year treasury bond bond yield rose to the highest level since its debut in 1999. Life insurance and property insurance companies net purchased 327.2 billion yen of ultra long term bonds last month, becoming net buyers for the first time since July last year.