Tyb
JGB yields jump to multi-year highs as BOJ cuts bond purchases
(Looking at 20y JGB it’s at an 11 year high yield-wise too-basically the entire thing is breaking out since Monday JST-Yield-wise so methinks the BoJ is going to rethink this soon because that means the value of those bonds are at an 11year low. This may seem like nothing % wise but it is when you’ve had ZIRP-Zero Interest Rate Policy or NIRP (Negative)-so they, BoJ have a problem..stop buying and Yields rise-and some of these ijits think it’s “unexpected”. So good luck to the BoJ-they put themselves in this position so the Yen /US$ carry trade could populate outside the US with plenty of US $s but it had/has a price now…their bond market….BoJ owns about 60% of it but it’s about to meet another maker with Mr. Bond (market))
Japanese government bond yields jumped to multi-year highs on Monday after the Bank of Japan (BOJ) unexpectedly reduced the amount of bonds it offered to buy in a regular purchase operation, sending a hawkish signal to markets.(This was NOT unexpected they’ve been saying this since last year do this is sloppy ass reporting here and yields are rising PRECISELY because the buyer of last resort has cut back)
The two-year JGB yield, which tends to be more sensitive to the monetary policy outlook, rose 3 basis point (bp) to 0.349%, the highest since June 2013.
The five-year yield climbed 5.5 bps to 0.56%, a level not seen since April 2011.
The 10-year JGB yield leapt 5.5 bps to 0.963%, the highest since Nov. 1. The central bank cut the offer amount for bonds with 5-10 years left to maturity to 425 billion yen ($2.73 billion) from 475 billion yen at the previous operation on April 24. It was the first reduction to its bond purchase offer since late December.
The announcement aligns with the BOJ’s decidedly hawkish tilt in recent days. On Thursday, minutes of the April policy meeting showed some board members saw the chance of interest rates rising faster than the market’s expectation. Later, BOJ Governor Kazuo Ueda signalled the potential for multiple rate hikes ahead.(same deal here the bond market sets rates not the BoJ and their hikes are in tenths of a % so they are nuffin but they’ll have no choice to follow Meester Bond with higher yields and that means lower values for those and moar currency intervention)
https://www.brecorder.com/news/40303159
https://tradingeconomics.com/japan/20-year-bond-yield
Doesn’t even know what day it is if asked
Trips confirm if you look at the actual real background of the control structure of those countries you will find that they are controlled by the same group of psychopaths via infiltration of the houses after the so-called exodus
Argentina has borrowed from the IMF moar times than any other country
Ask the Argentinians what they think after one year of “reform”
Kek
Muh Yen has now retraced half of the intervention the BoJ did the same day as the FOMC announcement to keep rates the same. All that (the 2 interventions) cost $60b and part of it was financed by the NYFRB
https://tradingeconomics.com/japan/currency
Dollar drifts as traders eye US inflation data; frail yen in focus
The dollar was steady on Tuesday as investors awaited an inflation report this week that will likely shape the U.S. rates outlook, while the yen was hovering near a two-week low, stoking intervention worries.
The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers. They have had to dial back their expectations of rate cuts this year due to sticky inflation and are now pricing in 42 basis points of easing this year, with 60% chance of a cut in September, according to CME FedWatch tool.
All eyes this week will be on the consumer price index on Wednesday which is expected to show core CPI rose 0.3% month-on-month in April, less than 0.4% growth the prior month, according to a Reuters poll. But before that, U.S. Producer Price Index is due to be released later on Tuesday, which analysts will parse through to get a sense of whether inflation is heading towards the Fed's target of 2%. Traders are back on tenterhooks as the yen nears levels that saw suspected interventions by Tokyo. It was last at 156.32 per U.S. dollar, having touched a two-week low of 156.40 earlier in the session. Japan's Ministry of Finance is suspected to have intervened in the currency market at the end of April through early May after the yen hit a 34-year low of 160.245 on April 29.
But the market remains bearish on the currency given the massive gap between Japan's ultra-low yields and those in other major economies.
Japan's Finance Minister Shunichi Suzuki said on Tuesday the government will closely work with the Bank of Japan on the foreign exchange to ensure there is no friction between their mutual policy objectives.
https://www.reuters.com/markets/currencies/dollar-drifts-traders-eye-us-inflation-data-frail-yen-focus-2024-05-14/
Every time those meme stocks get s sniff of volume and momo you run in here with “change the world”,”to the moon”, or “diamond hands”.
207cd9
How haz that worked for you all those times again?
It hasn’t which is why you are so desperate to pump it for your dump.
>inb4 another muh stonk change the world meme-those are kindergarten level stuff or statements on how much money you have or “made”
Hilarious stuff as always
Enjoy it