Halister News

(Bloomberg) -- JGBs with short- to medium-term maturities rally after Bloomberg reported that BOJ is said to consider lending to banks at a negative rate, says Tadashi Matsukawa, head of fixed-income investment at PineBridge Investments Japan.

• BOJ is likely to not only offer a negative rate on some loans, but is also expected to lower its negative rate to -0.20%, in his view, says Tokyo-based Matsukawa; sees possible decline in both 2-year and 5-year yields to -0.30% and forecasts 10-year yield in range of -0.20% to -0.10% in coming week
• 2-year yield now down 2 bps to -0.285% after touching record low of -0.290%; 5-year yield down 2.5 bps to -0.265%; 10- year yield steady at -0.120%