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The Selling Of Foreign Bonds Comes To A Halt

JAPAN

Japanese selling of foreign fixed income securities paused in the most recent week (after a record round of cumulative net sales over the 2 previous weeks), as U.S. Tsy markets (and global core fixed income on the whole) stabilised to a degree. Japanese FY end and the upcoming round of life insurer interviews re: asset allocation are now eyed.

  • Foreigners racked up a net ~Y755bn in purchases of Japanese paper (partially unwinding the large net selling seen in the previous week, coinciding with the short-term top in JGB yields).

Latest WeekPrevious Week4-Week Rolling Sum
Net Weekly Japanese Flows Into Foreign Bonds (Ybn)98.9-1719.6-3031.5
Net Weekly Japanese Flows Into Foreign Stocks (Ybn)176.6-459.1-683.6
Net Weekly Foreign Flows Into Japanese Bonds (Ybn)755.2-1277.9-954.5
Net Weekly Foreign Flows Into Japanese Stocks (Ybn)-136.9-453.8-157.7

Source: MNI - Market News/Bloomberg/Japanese Ministry Of Finance

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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