Bank of Japan buying 10 to 25 year JGBs

The Bank of Japan is buying JGBs across a wide range of maturites.

The 100bn yen bid for 10-25yrs is a surprise, it comes as yields on longer-dated JGBs rise; 20yr JGB yield has hit its highest since January of 2016. The buying of 10-25 was not scheduled.

BOJ buying in the 5-10yr window was unscheduled. 150bn yen amount.

While the BOJ vigorously enforce the yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term cap in 10yrs higher yileds are leading through in other maturities.

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Such activity from the Bank of Japan is not indicative of a central bank relenting on its easy policy any time soon. The policy statement is due tomorrow, this would seem to reinforce the expectation of no change to policy at this meeting.