Page 10 - Reference Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Japan's yield cap has evolved into a reference rate, with the Bank of Japan redefining its 1% limit on 10-year government bond yields as an "upper bound" rather than a rigid target. It will keep buying bonds, but time will tell whether and how tenaciously it will impede yields rising beyond 1%. After touching an almost 10-year low in morning trade, Japanese government bond futures rallied following the announcement.

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