JGBs Decline as BOJ Doesn’t Buy Longer-Dated Debt: SMBC Nikko
Source: BFW (Bloomberg First Word)
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Souichi Takeyama (SMBC Nikko Securities Inc)
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(Bloomberg) -- Japan’s govt bonds drop, led by super-long end, as BOJ refrains from buying such maturities today, says Souichi Takeyama, Tokyo-based rates strategist at SMBC Nikko Securities, by phone.
Alert: HALISTER1- BOJ’s announcement of JGB purchases spurring position adjustment ahead of 20-year auction on Sept. 13
- Overnight weakness of bond markets in Europe and U.S. also weighing on JGBs: Takeyama
- 10-year yield up 1.5 bps at -0.025%, 20-year yield up 3.5 bps at 0.425% and 30-year yield up 5 bps at 0.500%
Source: BFW (Bloomberg First Word)
People
Souichi Takeyama (SMBC Nikko Securities Inc)
To de-activate this alert, click here
UUID: 7947283