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๐จ Demand for long-term Japanese government bonds is COLLAPSING โก๏ธ๐ค
Japanese insurers sold -ยฅ822.4 billion, or -$5.2 BILLION, of bonds with maturities of 10+ years in December, the most EVER โฌ๏ธ
This was the 5th straight monthly sale, the longest streak in at least 20 YEARS โฉ๏ธ
Over this span, insurers sold -$8.7 billion of long-term bonds โฉ๏ธ
Meanwhile, unrealized losses on domestic bonds held by 4 Japanese life insurers reached nearly ยฅ11.3 trillion ($71 billion) at the end of September ๐
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐