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Japanese investors sell foreign bonds for fifth straight week, eye home market
Japanese investors sold foreign bonds for a fifth straight week, their longest selling streak in four years, marking the latest sign of a potential shift in allocation strategy as rising yields at home spur buying in Japanese government bonds. The surge in the benchmark Japanese 10-year bond yield, up over 80 basis points this year, is starting to tease capital home, although recent safe-haven buying has pulled yields away from the three-decade high it hit in October [...]