Japanese investors sold most treasuries in six months in October - BBG

According to the latest data released by the Japanese Ministry of Finance on Friday, Japanese investors sold the most US Treasuries in six months in October as American short-term yields climbed and the dollar strengthened against the yen, Reuters reports.

Key Details:

“Japanese funds sold a net 2.1 trillion yen ($18.5 billion) of Treasuries, the most since they offloaded 3.7 trillion yen in April. They bought 104.8 billion yen of German bonds, 43 billion yen of Italian securities and 28.5 billion yen of French debt.

Data on overall sovereign debt purchases were not available for Spain, but they purchased a net 91.9 billion yen of the long-term Spanish government and corporate debt.

Japanese funds sold a net 24 billion yen of U.K. sovereign debt in October after offloading 296.6 billion yen a month earlier.

They bought 40.5 billion yen of long-term Indian debt, the second highest amount of the available data starting in 2005. The record purchase was 89.9 billion yen in September 2010.”