Japan’s rebounding appetite for U.S. Treasurys supported shaky bond markets early this year. Now, investors worry it might be growing satiated.
Japanese investors bought the most long-term foreign bonds in the week ended Feb. 17 since the onset of Covid-19, according to Japan Ministry of Finance data. Institutional investors—comprising banks, life insurers and pensions—added nearly $21 billion to their foreign bondholdings. The following week, that fell to $1.6 billion.
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