Japan’s Treasury Holdings Slide to Three-Year Low on Bonds Rout
- Value of holdings dropped in August as global bond yield rose
- Bloomberg Treasury index is heading for record annual loss
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The value of US Treasuries owned by Japanese investors slid by almost 3% in August to the lowest level in three years as a slump in global debt markets hammered down prices.
The dollar value of US sovereign securities held by official and private investors from the Asian nation fell by $34.5 billion to $1.2 trillion, according to the latest figures from the US Treasury. The decline came even as Japanese investors had been net purchasers of US Treasury bonds in August for a second month, separate data showed.