Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Bond Yields Surge In Japan As BoJ Is Reminded Of Just How Fragile The JGB Market Truly Is
If you were looking for an added wrinkle in the increasingly complex market narrative, look no further than the usually predictable Bank of Japan.
Late last week, a JiJi newswire story tipped a possible change in the BoJ's thinking on yield curve control and it caught the market's attention. Specifically, the story suggested that Kuroda and co. are all set to "investigate" how they might go about ameliorating the deleterious effect of YCC on JGB volumes and bank profitability.
Liquidity in t
“I know nothink”, said in Sgt. Shultz’s voice from Hogan’s Heroes 1965-1971. Watch out Japan, “Cannonball Coming” Caddyshack 1980.
Interesting DJTweet came down so heavily on EUR and CNY last week. Perhaps he’s unaware that PPP would have USDJPY in the mid-70s. Or perhaps he’s never heard of PPP. Nah….couldn’t be. He’s the leader of the free world (sic), so he must know all about that stuff.