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Stock impact report

World's Worst Bond Market Faces Another Big Supply Shock [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
The nation's sovereign debt - the worst performer among the world's biggest markets last year - faces an 8% rise in net supply to about ¥65 trillion ($415 billion) in the fiscal year starting in April. This is according to Bloomberg analysis that accounts for the Bank of Japan's reduced purchases and debt that will mature and be redeemed by the government. Most Read from Bloomberg We Still Don't Know if Robotaxis Are Safer Than Human Drivers NYC Fights Sale of Bankrupt Rentals After Mamdani Blasts Living Conditions New LA Home Designs, Reimagined By Fire This leaves private buyers with more issuance to digest and raises the prospect of increasing interest payments for Prime Minister Sanae Takaichi's government, which has unveiled a record budget to fund an ambitious stimulus package. “Supply-demand conditions in Japan's bond market have deteriorated to the point that the government may eventually need to adjust issuance each quarter,” said Akio Kato, senior manager of the Show less Read more
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