Bank of Japan in buying JGBs, yields are higher

Th BOJ has been in the market each day buying Japanese Government Bonds. The BOJ has an upper cap on the 10-year that they have managed to hold since their new 'buy every day' policy introduced back at their April policy meeting.

They are managing to hold it at 0.25%, the cap they have in polace, but yields elsewhere are higher.

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 on 10-yr Japanese govt bond unchanged at 0.250%

• On 2-yr up 1.5 bps at -0.040%
• On 30-yr up 8 bps at 1.260%
• On 5-yr up 3.5 bps at 0.070%

The Bank will be bidding on June 15 for:

• 800bn yen in 5-10 yrs
• 250bn yen 10-25 yrs
• 625bn yen 1-3 years to maturity

USD/JPY has popped. BOJ taking action to hold its monetary policy loose. Not joining in the rate hike party elsewhere around the DM globe.