JSDA bond transaction data by investor category (November 2025)
Key points
- Medium-term JGBs: Domestic demand weakened overall despite some dip-buying, while non-residents posted net purchases in excess of JPY2 trillion
- Long-term JGBs: Domestic investors were large net buyers and may have been targeting 10-year yield of 1.8%, while non-residents turned net sellers
- Super-long JGBs: Speculation of expansionary fiscal policy curbed domestic buying, with insurers remaining net sellers; non-residents may have been putting on flatteners