BOJ Emergency Bond Buying Tries to Rein in 10-year JGB Yield

Posted on 01/13/2023

The key yield on benchmark 10-year Japanese government bonds (JGB) went above the 0.5% cap set by the Bank of Japan less than a month ago. The 10-year JGB yield briefly rose as high as 0.545% in Asia on Friday. To prevent the rise, the Bank of Japan made a first round of unscheduled buying…

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