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MNI BRIEF: BOJ Offers Unlimited JGB Buying Ops At Fixed-Rate

(MNI) Tokyo
TOKYO (MNI)

The Bank of Japan on Monday conducted an unlimited purchase of Japanese Government Bonds (JGBs) with a remaining life of 5 to 10 years at a fixed-rate to curb 10-year JGB yields for the first time since Feb. 14.

The BOJ will buy 10-year bonds at 0.25%. The 10-year JGB traded around 0.245% near mid-day, up from 0.240% on Friday, and close to an upper limit from -0.25%/+0.25% that the BOJ tolerates under its yield curve control policy, see: MNI INSIGHT: BOJ Policy Could Pivot With Changing Price Views.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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