November 24, 2023 (NO COMMENTS)

A 34% quarterly rise swells non-domestic portfolio to record size

Tweet Facebook LinkedIn Save this article Send to Print this page Sumitomo Mitsui Financial Group (SMFG)’s holdings of foreign bonds rose by a third over the three months ending September 30, reaching its largest size since at least 2013. The lender added ¥4.8 trillion ($32 billion) worth of non-Japanese bonds to ¥19.1 trillion. Over the same period, domestic bonds, primarily Japanese government bonds, rose by ¥1.1 trillion, or 9.4%, to ¥12.9 trillion. Unrealised losses on SMFG’s foreign bonds book jumped 27.6% to ¥1.1 trillion, their highest for at