Heavy selling of Japanese bonds
24 May 2024
Investors outside Japan sold Japanese bonds this month at the fastest pace in five years. The reason for this large sell-off is the expectation of a rate hike by the Bank of Japan. According to data compiled by Bloomberg, total sales of Japanese bonds reached 477.3 billion yen, the highest figure since 2019.
The heavy selloff pushed the yield on Japan's 10-year bond above 1 perc$BTC ent for the first time since 2012.
