On Wednesday, Japan’s 10-year bond yield hit yet another fresh nine-year high at about 0.63% after the BOJ left its purchase offer amounts unchanged from last month in its fixed-rate operations. The BOJ’s yield curve control is part of its ultra-easy monetary policy, which also include...
Wsetting an upper limit so that 10-year JGB yields will remain at around zero percentTW b) Conduct of yield curve control (a unanimous vote) The Bank will regard the upper bound of 1.0 percent for 10-year JGB yields as a reference in its market operations, and in order to encourage...
aThe Fed tried to follow the blueprints of the Bank of Japan ( BoJ ), which uses strong-arm tactics in the $8.5-trillion Tokyo bond market, through skillful manipulation and jawboning exercises. Japan’s 10-year bond ( JGB ) yield has been locked within a tight range between 1.15% and ...
The 10-year JGB futures opened 0.52 points lower at 150.45 and last stood at 150.58, down 0.38 point. The 10-year yield last stood at 0.075 percent, up 4.5 basis points on the day.
The BOJ on Friday, however, offered to buy benchmark 10-year Japanese government bonds in a special operation aimed at keeping the 10-year yield at its target of around zero percent. "The yen might continue to weaken against the dollar after today's action," said Masashi Murata, senior cu...
its first weekly loss since the middle of March. US equity futures are softer too. Bonds are ending the week on a soft note. European benchmark yields are 6-9 bp lower. The 10-year US Treasury is off five basis points to 3.47% and the 10-year JGB yield is off 7 bp to about 0.3...
The BOJ’s monetary policy was as expected, maintaining super-low interest rates, left itsyield control policy unchangedand signaled it was in no rush to phase out its massive monetary stimulus. Japanese yen fall on Friday was due to the above reason. Governor Kazuo Ueda is due to give a ...
"Policy tightening is not appropriate at this point," the governor said. Kuroda emphasized his resolve to defend the upper limit on the benchmark 10-year Japanese government bond yield at 0.25 percent even though other central banks have been raising interest rates to an unseen extent. ...
The most aggressive scenario might see an increase in the 10-year JGB yield target or even the policy rate, now at 0 and -0.1 percent respectively. A softer alternative may be to adjust yield curve control tolerance thresholds, allowing rates to go higher before intervening. An even ...
The anomaly may spread to one-year bills as soon as Wednesday, when a government debt auction is held. “I think the one-year bill yield could fall below zero, given tight demand inmarkets. The BOJ will have to keep buying short-term bills,” said Miyasaka, to meet its cash-infusion...