Central Banks

Th BOJ has been in the market each day buying Japanese Government Bonds. The BOJ has an upper cap on the 10-year that they have managed to hold since their new ‘buy every day’ policy introduced back at their April policy meeting.

They are managing to hold it at 0.25%, the cap they have in polace, but yields elsewhere are higher.

 Yield  on 10-yr Japanese govt bond unchanged at 0.250%

  • On 2-yr up 1.5 bps at -0.040%
  • On 30-yr up 8 bps at 1.260%
  • On 5-yr up 3.5 bps at 0.070%

The Bank will be bidding on June 15 for:

  • 800bn yen in 5-10 yrs
  • 250bn yen 10-25 yrs
  • 625bn yen 1-3 years to maturity

USD/JPY has popped. BOJ taking action to hold its monetary policy loose. Not joining in the rate hike party elsewhere around the DM globe.

Source link

Articles You May Like

China’s Communist Party central committee adopts resolution on further deepening reforms
USD/CHF hits key downside target as trading day closes
The technical bias in NASDAQ is tilting more to the downside after break of 200 hour MA
Nasdaq Technical Analysis – The bearish momentum looks to be waning
USD/JPY back to 158.50 – no fresh catalysts

Leave a Reply

Your email address will not be published. Required fields are marked *