Biggest treasury buyers outside the US quietly selling billions

[Celticguy]

https://finance.yahoo.com/news/biggest-treasury-buyer-outside-u-220000326.html

ruh roh....

and just in time for the QT from the FED. We may just get the opportunity for Uncle Sam to tighten the belt that he does not want to do.
Wouldn't that be something ?

[FONT=&quot]Japanese institutional managers -- known for their legendary U.S. debt buying sprees in recent decades -- are now fueling the great bond selloff just as the Federal Reserve pares its $9 trillion balance sheet.
Estimates from BMO Capital Markets based on the most recent data show the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months. While that may be small change relative to the Japan’s $1.3 trillion stockpile, the divestment threatens to grow.
[/FONT]
[FONT=&quot]That’s because the monetary path between the U.S. and the Asian nation is diverging ever more, the yen is plumbing 20-year lows and market volatility stateside is breaking out. All that is ramping up currency-hedging costs and completely offsetting the appeal of higher nominal U.S. yields, especially among large life insurers.[/FONT]