Japanese investors sell foreign bonds for third straight week as Treasury yields jump

What happened: Japanese investors sold foreign bonds for a third straight week, with net sales of 503.6 billion yen, the smallest weekly total in three weeks, per Ministry of Finance data. Key numbers: Net foreign bond sales 503.6 billion yen ($3.19 billion). Why it matters: Rising Japanese rates are beginning to lure overseas investments home, a notable shift in global capital flows. The outflows could support the yen and pressure bond markets where Japan has been a major buyer for decades, as Japanese government bonds grow more competitive with US and European securities.

Japanese investors sold foreign bonds for a third straight week, with net sales of 503.6 billion yen, the smallest weekly total in three weeks, per Ministry of Finance data.

Rising Japanese rates are beginning to lure overseas investments home, a notable shift in global capital flows. The outflows could support the yen and pressure bond markets where Japan has been a major buyer for decades, as Japanese government bonds grow more competitive with US and European securities.