Intriguing RV graphs: Behaviors of increasingly influential non-resident investors
Key points
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Non-resident investors have been large net buyers of JGBs in recent weeks; behaviors of non-resident investors that account for majority of JGB trading volume organized in this report
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As for short/medium-term JGBs, apparently many RM-type JGBs held to maturity, but investor base might have changed; mix of buying and selling for 10yr JGB
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Speculators tend to demand premiums on super-long JGBs; Middle East tensions driving wider premiums; slim prospects for buying support