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Japan Mass-Sells French Government Bonds

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Japan, which held large quantities of French government bonds, has dumped them entirely. Sumitomo Mitsui DS Asset Management sold off all its French government bonds and switched to others, such as German bonds.
French 10-year bond yield 3.6% -> 4.96%
The scale of government bonds Japan still holds is 145 billion USD. The French bond market is trembling at the possibility of Japan selling even more.
Professional investors expect further selling,
and if Japan sells off more, the situation for France will become serious.

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