Foreign Demand for Japanese Bonds Jumps Amid Treasury Yield Drop
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The rapid slide in U.S. bond yields relative to those in Japan last month may have led to the surge in overseas demand for Japanese sovereign debt.
Foreign investors bought a net 1 trillion yen ($9.1 billion) of JGBs in the week to Jan. 31, the most since September, Ministry of Finance data showed Thursday. That week, Treasury 10-year yields slumped 18 basis points to 1.51%, while the Japanese equivalent fell 4 basis points to minus 0.065%.