Japanese Banks Hit 9-Month Foreign Bond Selling Streak, Pressuring Global Yields
As seen on the 24/7 Wall St. homepage on October 18, 2026.
Nine straight months of Japanese banks pulling money home means one of the biggest buyers of global debt has turned seller, and Treasury yields feel that at the margin.
BREAKING: Japanese banks sold -$16 billion of foreign bonds in September, their largest monthly sale since February. This also marks their 9th consecutive monthly sale, the longest streak since 2022. As a result, sales of foreign debt by Japanese banks in the first 9 months of https://t.co/u6Vp1dwQa2
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Treasury demand is losing one of its biggest sources: Japanese banks sold $16 billion of foreign bonds in September, per data flagged by The Kobeissi Letter on October 18.
That extends their foreign bond selling to nine straight months, the longest streak since 2022.
A buyer of that scale turning persistent seller keeps upward pressure on global yields.
Investors tracking Treasury demand and the yen carry trade should keep an eye on this streak.