Japan insurers sold super-long bonds in May as yields hit highs

Key facts

• Japanese insurers sold domestic super-long government bonds in May.
• This action reversed their investment trend from the beginning of the fiscal year.
• Yields on these bonds reached multi-decade highs.

Japanese insurers divested from domestic super-long government bonds in May, a significant shift from their investment behavior at the start of the fiscal year. This reversal coincided with yields on these bonds climbing to levels not seen in decades.