JGB

JGB stands for Japanese Government Bond. Like US Treasuries, JGBs are the benchmark for Japanese interest rates, and because Japanese investors and institutions hold enormous amounts of foreign bonds too, how much they want to hold JGBs versus assets abroad has outsized effects on global capital flows and yields.

Predictions & track record (3)

• Awaiting grading Japan's four biggest life insurers posted record paper losses on bonds, and their solvency ratios went upCheck the November quarterly disclosure for whether the four insurers' combined unrealized bond losses as of end-September 2026 exceed 15.13 trillion yen.
• Awaiting grading The US and Japan bought yen together, and what the market fears is the yen rising furtherScore as a hit if the CFTC weekly report for 30 September 2026 shows the speculative net short in yen below 60,000 contracts, and as a miss at or above that level.
• Awaiting grading Japanese insurers just made their biggest bond purchase in three years. Is the buyer finally back?Check whether Japanese insurers post a third straight month of net buying in JGBs when July 2026 flow data is released, which would confirm this is a real trend rather than a one-off.

3 related posts

• Watch Japan's four biggest life insurers posted record paper losses on bonds, and their solvency ratios went up The Kobeissi Letter (@KobeissiLetter) · 2026-08-09
• Watch The US and Japan bought yen together, and what the market fears is the yen rising further 메르 (ranto28) · 2026-08-05
• Watch Japanese insurers just made their biggest bond purchase in three years. Is the buyer finally back? The Kobeissi Letter (@KobeissiLetter) · 2026-07-23