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Barclays: Japanese investors sold U.S. Treasuries and bought developed-market European bonds in July

2026-08-10·newswire-us-stock-091001
Barclays: Japanese investors sold U.S. Treasuries and bought developed-market European bonds in July.

According to Barclays data, Japanese investors were net buyers of foreign bonds in July, purchasing developed-market European bonds while reducing their holdings of U.S. Treasuries. Overseas investors, meanwhile, continued selling Japanese government bonds.

“As overseas interest rates continued to rise, Japanese investors turned back to being net buyers of foreign bonds in July, with net purchases of 0.4 trillion yen,” Barclays strategists including Shinichiro Kadota wrote in a report. Japanese investors sold overseas bonds for most of July but became net buyers toward the end of the month.

It was the first time since March that they reduced their holdings of U.S. Treasuries. Euro-area bonds attracted net purchases of about 900 billion yen. Japanese investors resumed buying French and Belgian bonds in July after selling them in May.

Foreign investors, meanwhile, sold medium- and long-term Japanese government bonds for a second consecutive month, with sales totaling 1.3 trillion yen. The yield on Japan’s 30-year government bond has remained above 3.8% since mid-July, nearly 60 basis points higher than at the start of the year.

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Barclays: Japanese investors sold U.S. Treasuries and bought developed-market European bonds in July

According to Barclays data, Japanese investors were net buyers of foreign bonds in July, purchasing developed-market European bonds while reducing their holdings of U.S. Treasuries. Overseas investors, meanwhile, continued selling Japanese government bonds. “As overseas interest rates continued to rise, Japanese investors turned back to being net buyers of foreign bonds in July, with net purchases of 0.4 trillion yen,” Barclays strategists including Shinichiro Kadota wrote in a report. Japanese investors sold overseas bonds for most of July but became net buyers toward the end of the month. It was the first time since March that they reduced their holdings of U.S. Treasuries. Euro-area bonds attracted net purchases of about 900 billion yen. Japanese investors resumed buying French and Belgian bonds in July after selling them in May. Foreign investors, meanwhile, sold medium- and long-term Japanese government bonds for a second consecutive month, with sales totaling 1.3 trillion yen. The yield on Japan’s 30-year government bond has remained above 3.8% since mid-July, nearly 60 basis points higher than at the start of the year.

According to Barclays data, Japanese investors were net buyers of foreign bonds in July, purchasing developed-market European bonds while reducing their holdings of U.S. Treasuries. Overseas investors, meanwhile, continued selling Japanese government bonds.

“As overseas interest rates continued to rise, Japanese investors turned back to being net buyers of foreign bonds in July, with net purchases of 0.4 trillion yen,” Barclays strategists including Shinichiro Kadota wrote in a report.

Japanese investors sold overseas bonds for most of July but became net buyers toward the end of the month. It was the first time since March that they reduced their holdings of U.S. Treasuries.

Euro-area bonds attracted net purchases of about 900 billion yen. Japanese investors resumed buying French and Belgian bonds in July after selling them in May.

Foreign investors, meanwhile, sold medium- and long-term Japanese government bonds for a second consecutive month, with sales totaling 1.3 trillion yen.

The yield on Japan’s 30-year government bond has remained above 3.8% since mid-July, nearly 60 basis points higher than at the start of the year.

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