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MNI BRIEF: BOJ To Continue Buying Cheapest 10-Yr JGBs At 0.25%

(MNI) Tokyo
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The Bank of Japan said on Friday it will continue to buy the No. 356 10-year Japanese government bonds without limit at a fixed rate of 0.25% for the time being, (See: MNI STATE OF PLAY: BOJ's Kuroda Makes It Clear On Yen, Yields).

The decision is aimed at preventing JGBs with a remaining life of less than 10-year from rising, which would distort the yield curve, although the BOJ continues to cap the benchmark 10-year bonds at 0.25%. The BOJ also announced it will relax the terms and conditions for the Securities Lending Facility of the Cheapest-to-Deliver Issues.

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The Bank of Japan said on Friday it will continue to buy the No. 356 10-year Japanese government bonds without limit at a fixed rate of 0.25% for the time being, (See: MNI STATE OF PLAY: BOJ's Kuroda Makes It Clear On Yen, Yields).

The decision is aimed at preventing JGBs with a remaining life of less than 10-year from rising, which would distort the yield curve, although the BOJ continues to cap the benchmark 10-year bonds at 0.25%. The BOJ also announced it will relax the terms and conditions for the Securities Lending Facility of the Cheapest-to-Deliver Issues.

Keep reading...Show less