The largest amount of German government bonder For a decade now its investors sold Japan In April 2025.
The net sales of German bonds amounted to 1.48 trillion. Yen ($ 10.2 billion), which is equivalent to the highest amount since 2014, as the latest balance of payments from the Japanese finance ministry showed Monday (9.6.2025). This was also the biggest bond sale.
Japanese data data gives a look at what investors are thinking about Germany’s plan to unlock hundreds of billions of euros in defense and infrastructure investment. The market reacted with a rise of about 30 base points to yields of 10 -year bonds in March, followed by a similar slide in April.
“The odds made such a sharp jump in early March that many Japanese investors could not get out of German bonds,” said Hideo Shimomura, a portfolio manager at Fivestar Asset Management Co. in Tokyo. “I imagine the rationale would be to reduce the report as soon as the yields began to decline” Assuming that the change in German fiscal policy would continue, he said.