tyb
>>8527487 lb
naow it's sarcasm all of a sudden when you clearly did not get it the first time. Nice try
you forgot this, you'll need it
BOJ, RBA to Spend $10 Billion More in Effort to Tame Bond Market
Central banks boosted efforts to tame bond markets Monday, with the Reserve Bank of Australia and the Bank of Japan offering to buy the equivalent of almost $10 billion in debt. New Zealand embraced quantitative easing.
The RBA said it would spend as much as A$4 billion ($2.3 billion) on government debt, sending 10-year yields down 25 basis points. The BOJ offered to take in 800 billion yen ($7.3 billion) of three-to-10 year securities in addition to scheduled buying of longer maturities.
A global credit crunch as companies hoard cash and investors seek dollar as a haven asset amid the coronavirus pandemic is squeezing financial markets globally. The Reserve Bank of New Zealand on Monday said it would purchase up to NZ$30 billion ($17 billion) of sovereign bonds over the next 12 months.
“Central banks around the world see the provision of funds as more effective right now than cutting rates,” said Shuichi Ohsaki, chief rates strategist at Bank of America Merrill Lynch in Tokyo. “The BOJ on its part is conducting funding operations to ensure yields will not rise.”
https://www.bloomberg.com//news/articles/2020-03-23/boj-rba-to-spend-10-billion-more-in-effort-to-tame-bond-market
that was quite the lack of understanding by "not a notable" anon. still doesn't get it either.
g'nite B