Top Foreign Owners of Treasuries Are Ready to Jump Into Market
- Japanese investors preparing for new fiscal year in April
- Japan biggest overseas Treasuries holder with $1.3 trillion
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Treasuries are off to their worst start to a year in over four decades, but a familiar set of supporters may soon ride to their rescue.
Momentum is building for Japanese investors -- the biggest foreign holder of U.S. bonds -- to ramp up purchases, with recent auctions showing strong overseas demand and fund managers signaling there’s no real alternative. They are seen waiting for a volatile March to pass before positioning for the start of the new fiscal year in April -- having been notable bond sellers on accelerating bets of Federal Reserve rate hikes.