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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.
JGBS
The BoJ’s status as the last dove standing in the major global central bank sphere, punctuated by its continued insistence that it will stick to its current ultra-loose monetary policy settings, has resulted in market participants testing the BoJ’s will.
- To date, the Bank has taken well-documented action in defending the upper end of its permitted -/+0.25% 10-Year JGB yield trading band, including daily fixed rate operations, unscheduled Rinban operations and a willingness to tweak parameters of its market-focused policy settings when weakness in JGB futures has become evident.
- This combination of speculation & BoJ action has resulted in the S&P/JPX JGB VIX surging to highest levels observed since the global financial crisis of ’08.
Fig. 1: S&P/JPX JGB VIX Index
Source: MNI - Market News/S&P/JPX/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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