Japanese investors sell foreign bonds in July amid a fall in US yields

By Reuters

Aug 13, 2024 12:04 am

JAPANESE investors net sold foreign bonds for the second consecutive month in July, deterred by declining US bond yields amid heightening expectations of an imminent Federal Reserve rate cut to support the faltering economy.

According to data from Japan's Ministry of Finance, they offloaded 1.49 trillion yen ($10.12 billion) in long-term overseas bonds following a substantial net disposal of 3.35 trillion yen in the previous month, and also shed approximately 17 billion yen in short-term instruments.

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