According to @KobeissiLetter, Japanese insurers sold about 5.2 billion dollars of Japanese government bonds with maturities of ten years or longer in December, the largest monthly sale since data began in 2004. According to @KobeissiLetter, this was the fifth consecutive month of net selling by insurers, the longest streak on record. According to @KobeissiLetter, the update highlights a record-length selling trend focused on long duration JGBs.