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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 Fights Higher JGB Yields With Extra Bond Buying
The Bank of Japan announced an unscheduled bond buying operation on Thursday to curb upward pressure on Japanese government bond yields caused by the rise in U.S. Treasury bond yields.
The BOJ offered to buy JPY100 billion of JGBs with a remaining life of 5 to 10 years, JPY100 billion of JGBs with a remaining life of 10 to 25 years and JPY50 billion of JGBs with a remaining life of more than 25 years.
The 10-year JGBs were untraded so far but the bond yield rose to 0.255% on Wednesday, higher than the upper limit of the BOJ perceived range of -0.25% and +0.25%.
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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.