TOKYO -- The market for ultralong-term Japanese government bonds (JGBs) is becoming increasingly reliant on international investors drawn to relatively low prices and a steep yield curve, raising concerns about potential risks posed to supply and demand stability.
Bonds
Foreign buyers' growing sway in ultralong JGBs raises stability risks
Short-term traders could switch to selling if Japan pushes expansionary policy
A steep yield curve has made Japanese government bonds at the long end of the duration range more appealing to foreign investors. © Reuters
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