In October Danish investors net purchased foreign shares and net sold foreign bonds.
Foreign investors net purchased Danish bonds, in particular treasury bills and mortgage bonds.
Consequently, the foreign ownership share of DKK-denominated bonds increased to 18.6% in October - the highest registered since September 2001.
Foreign investors now hold DKK30bn in treasury bills, which amounts to around 82.8% of the total stock - an increase since June when it was at 65.6%.
In terms of government bonds, foreign investors now hold DKK228bn, which is 33.4% of the total stock.
Foreign investors hold DKK348bn in DKK-denominated mortgage bonds, which amounts to 14.4% of the total stock - the foreign ownership share is now back at a post-crisis high.
Foreign investors mainly hold bonds with a short remaining maturity. Of the bonds held abroad 38.7% have a maturity of less than one year.
Overall, the latest data suggest that foreign investors' appetite for Danish bonds remains high. It is supportive for DKK and may contribute to explain why there has not been any pressure on DKK since January.
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