Japanese investors sell foreign bonds for fifth straight week, eye home market

Oct 22 (Reuters) Japanese investors sold foreign bonds for a fifth straight week, their longest selling streak in four years, marking the latest sign of a potential shift in allocation strategy as rising ​yields at home spur buying in Japanese government bonds. The surge in ‌the benchmark Japanese 10-year bond yield, up over 80 basis points this year, is starting to tease capital home, although recent safe-haven buying has pulled yields away from the three-decade high it hit in October. Japanese investors sold a net 161.6 billion yen ($1.02 billion) of foreign ‌long-term ​bonds through October 17, the smallest quantum in ⁠the streak, alongside 156.9 billion ⁠yen of short-term bills, Japan s Ministry of Finance data showed. The pace of selling slowed as US Treasury yields eased from multi-decade highs, as investors sought safety in bonds from the ruction in the stock market over AI ​worries. The benchmark 10-year US yield retreated by roughly 27 basis points from a 24-1/2-year high of