The Japanese government bond
market has frozen over, as investors hold out for higher yields
while an overbearing Bank of Japan bond-buying programme drains
supply. A month-long run of.
Japan s government
bond market has turned into a cat-and-mouse arena for investors
and the Bank of Japan, as the latter tries to slow a rise in
yields towards its new policy ceiling and hungry.
Analysis-Hungry Investors Queue up as Japan s BOJ Lifts Yields Bit by Bit usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Japan's government bond market has turned into a cat-and-mouse arena for investors and the Bank of Japan, as the latter tries to slow a rise in yields towards its new policy ceiling and hungry investors go a step ahead and snap up the bonds. The game began after the Bank of Japan (BOJ) tweaked its complex seven-year old yield-curve-control (YCC) policy on Friday, saying yields on the 10-year Japanese government bond (JGB) it targets can move flexibly and as far as 1%, rather than be capped at 0.5%. Over the two trading days since, the market has tried to second-guess the pace at which the BOJ wants yields to move, while the BOJ has run special bond-buying operations to cap yields.
By Kevin Buckland and Ankur Banerjee SINGAPORE/TOKYO (Reuters) - Japan's government bond market has turned into a cat-and-mouse arena for investors an.