Japanese investors sell foreign bonds for first time in three months in July

Aug 8 (Reuters) –

Japanese investors transformed web vendors of abroad bonds for the first time in three months in July, struck by a dive in abroad returns and also as they wanted to rebalance profiles after hefty purchasing this year.

The investors marketed concerning 1.64 trillion yen ($ 11.46 billion) of lasting abroad bonds, the greatest regular monthly disposal considering that October 2022, yet put 187.9 billion yen right into temporary protections.

Japanese financial institutions were web vendors of concerning 1.83 trillion yen well worth of lasting bonds last month, while insurance provider likewise left concerning 65.1 billion yen of protections on a web basis.

Barclays claimed the Japanese marketing of foreign bonds shows the ongoing higher stress on abroad returns.

“Japanese investors sold from the start of July until the middle of the month, but switched to dip-buying as U.S. 10 year yields headed back toward 4% at the end of the month,” it claimed …