Japanese institutions sold ¥2.6T in foreign debt — what Bitcoin investors should watch
- —Average yield on 10-year JGBs rose to 3.101% from 2.995% at the September 1 auction
- —Auction bid-to-cover rose to 3.76x from 3.29x, with the yield tail narrowing to 0.2 bp from 1.6 bp
- —Net foreign debt sales reached ¥2.5894 trillion during September 13–26
- —BIS links global funding conditions to cross-border Bitcoin and Ether flows
Why it matters: Continued foreign-debt selling by Japanese institutions could tighten global funding conditions and curb capital flows into risk assets like Bitcoin.
Source: CryptoSlate