The continuation of the 10-year Japanese government bond yields
Deltafx Admin 11 January 2023The testing of the upper limit on the 10-year Japanese government bond yield is likely to continue for some time, just as it did before the BOJ’s change last month, when the level was 0.25%.
The central bank expressed concern that the yield was deviating too much from what the market thinks is right. However, maintaining the 0.50% test will not make much difference, as it will trigger another unyielding defense from the BOJ – perhaps another indication of distortion
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