Yesterday's sale was its 10th this year. Last year the world's biggest computer maker sold bonds 46 times. Five of its 10 sales this year have been in yen, while last year 45 of its 46 sales were in U.S. dollars. The other one was in euros, according to Bloomberg Data. Complete data on these kinds of bonds are nearly impossible to gather.
Nobody seems to track the data publicly.
Their interest rates are much lower than ours. We are going to talk about some of these reasons today and please note that these kinds of flows are not confined to the Samurai bond market. There are hundreds of ways to make ephemerally profitable deals if you want to influence certain flows. At any rate, if you happen to be reading this and thinking that we're spinning a conspiracy theory here, I would suggest that you don't trade for your or anyone else's accounts. We do not have to label something a conspiracy in this world of managed interest rates, economies, and expectations.