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Yield on 10-year JGB rises to level that caused BOJ intervention in February
As Japanese Government Bond (JGB) yields rally to the highest levels since 2015, market speculations over the Bank of Japan (BOJ) intervention mount. “The yield on the 10-year Japanese government bond (JGB) rose to 0.235% on Friday, exceeding the level at which the Bank of Japan offered to buy an unlimited amount of JGBs at 0.25% on Feb. 10,” said Reuters. The analytical piece also adds, “Markets are on the lookout for whether the central bank would make the same kind of offer to defend the 0.25% upper limit of the band at which it allows the 10-year JGB yield to move around its 0% target.” With fears of BOJ ... (full story)