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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.
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Free AccessMNI ASIA OPEN: Fed Cook Eyes Disinflation, Bowman Hawkish View
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MNI BRIEF: BOJ Offers To Buy JPY9 Trln JGBs To Lower Repo Rates
The Bank of Japan on Monday offered to buy a total of JPY9 trillion of Japanese government bonds under repurchase agreements to cope with the rise of the tomorrow next repo rates caused by temporary strong fund demand.
The BOJ at its regular operation time offered to buy JPY5 trillion of JGBs under a repurchase agreement ending on Tuesday and an additional JPY4 trillion of JGBs under a repurchase agreement starting on Tuesday and ending on Feb 16.
The operations were expected by bond players following high repo rates on Friday.
The 10-year JGBs traded at 0.710%, up 0.050% from Friday’s close, due to the rise in U.S. Treasury bond yields following strong jobs data.
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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.