Bank of Japan Panics At Surging Rates, Offers To Buy Unlimited Debt

“As global bond yields break ever higher, it appears The Bank of Japan is realizing it is losing control of its yield curve and today unleashed a double-whammy to stifle the bond bears…  Whammy 1 – BoJ offers to buy unlimited 10Y notes at 11bps.  Result – a 0.5bps drop in the JGB yield!!”

Read more: https://www.zerohedge.com/news/2018-02-01/boj-offers-buy-unlimited-debt-boosts-pomo-response-surging-rates

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