Macro· ★★★· bearish·

Japanese Fund Dumps All French Government Bonds: Oct. 8 Data to Show Bitcoin Impact

  • —Sumitomo Mitsui DS sold all French government bonds, shifting funds to German and Japanese debt
  • —France's 10-year bond yield hit 4.96%, the highest since 2002
  • —France's debt stands at about 119% of GDP
  • —Japanese investors sold 684.5 billion yen of foreign bonds in the week to Sept. 26
Why it matters: Unwinding of the yen carry trade could hit risk assets including Bitcoin, as seen in August 2024.
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Source: BeInCrypto IT
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