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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF:BOJ Addresses Strong Pressure On JGB Yields-Official
The Bank of Japan's increase in bond purchases and conducting purchases of longer-end JGBs are aimed at trading the 10-year bond yield around zero percent as pressure mounts at the top end for the 10-year bond, a central bank Capital Markets Department official said on Wednesday.
The official said that there is strong upward pressure on overall yield curve and there is a risk that the 10-year bond yield could rise above 0.25%, an upper end of a range of -0.25% to +0.25% the BOJ tolerates, see: MN BRIEF: BOJ Ups Scale Of 5-10 Yr JGB Buying To JPY725 Bln.
The decisions are aimed at carrying out the guidelines for money market operations from the board and the BOJ will make changes in the auction schedule and amounts of outright purchases of JGBs as needed, taking account of market conditions.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.