Tag - bonds

 
 

BONDS

The Bank of Japan headquarters in Tokyo. Nearly 40% of respondents of the latest Bloomberg Markets Live Pulse survey said Treasurys will face the most severe impact from the BOJ shifting away from superaccommodative policy.
BUSINESS
Oct 23, 2023
When Japan ends negative rate policy, Treasurys will suffer
The Bank of Japan is likely to unwind its unusual policy of subzero rates during the first half of 2024.
The Bank of Japan intervened in the Japanese government bond (JGB) market on Friday for the fifth time this month after the 10-year yield rose to a fresh decade high.
BUSINESS / Markets
Oct 20, 2023
Bank of Japan intervenes as 10-year JGB yield hits fresh decade peak
The benchmark JGB yield climbed to 0.845% right at the start of the trading day, its highest since July 2013, after revisiting peaks the previous day.
The Bank of Japan headquarters in Tokyo. The central bank is likely to discuss raising its inflation projection for fiscal year 2023 and 2024 at its policy meeting later this month.
BUSINESS
Oct 18, 2023
BOJ seen lifting inflation forecasts as pressure on policy grows
Central bank is also seen upgrading its forecast for 2024 from the current 1.9%, to at or above 2.0%.
The Bank of Japan headquarters in Tokyo. The central bank announced an emergency bond-buying operation on Wednesday after the 10-year Japanese government bond yield hit a new decade high.
BUSINESS
Oct 18, 2023
Bank of Japan steps into debt market to slow rising bond yields
The operation had no immediate impact on the benchmark 10-year yield, which earlier in the day touched 0.815%, a fresh decade high.
Hiroshi Mikitani, chairman and CEO of Rakuten Group, speaks during a news conference in Tokyo in May.
BUSINESS / Companies
Oct 17, 2023
Rakuten rally from record lows clouded by looming bond deadlines
The most pressing task now for Rakuten is to raise funds for a wall of more than $5 billion of bonds due in the next two years.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Oct 15, 2023
BOJ bought over ¥1 quadrillion in bonds in decade of easing policy
The central bank held about ¥580 trillion worth of government bonds as of the end of June, equivalent to 53% of outstanding government debt.
There are expectations that Japan’s life insurers may increase purchases of Japanese government bonds as yields rise at home along with signs that the central bank is edging toward a normalization of monetary policy.
BUSINESS / Markets
Oct 13, 2023
Japan’s rising yields and yen hedging costs drive insurers to JGBs
Japanese government bonds are drawing interest amid signs that the central bank is edging toward a normalization of monetary policy.
The Bank of Japan headquarters in Tokyo. BOJ officials responded in July to upside risks to inflation by essentially raising the upper limit for 10-year bond yields, in the first surprise move under Gov. Kazuo Ueda.
BUSINESS
Oct 6, 2023
BOJ may review easing and guidance this month, ex-official says
The central bank faces a recent rise in yields, the yen’s slide and inflation consistently coming in stronger than expected.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Oct 4, 2023
JGB yields hit fresh multiyear highs despite BOJ intervention
The benchmark 10-year JGB yield hovered around 0.78%, its highest since September 2013, after having fallen slightly the previous day.
Finance Minister Shunichi Suzuki says higher interest rates would worsen the country's finances.
BUSINESS / Markets
Oct 3, 2023
Japan lifts coupon rate on 10-year government bonds to 0.8%
The coupon rate is double the previous 0.4% for issuance until September and marks the highest level since October 2013.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 29, 2023
Biggest selloff in 25 years hits Japan bonds as BOJ loosens grip
The selloff is a reminder that the nation’s debt market relies in part on support from public-sector institutions to outperform global peers.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 27, 2023
BOJ raised yield cap due to market calm and likely wage growth
The minutes of the July meeting pointed to growing confidence among some BOJ members about the prospect of wage growth.
SoftBank is targeting ¥120 billion in sales of the so-called bond-type class shares that will be listed on the Tokyo Stock Exchange.
BUSINESS / Companies
Sep 25, 2023
SoftBank to sell more than ¥120 billion of bond-type stock
The firm has tentatively offered a dividend rate from 2.5% to 3% for the first five years.
South Korean President Yoon Suk-yeol (left), U.S. President Joe Biden (center) and Prime Minister Fumio Kishida hold a joint news conference following a trilateral summit at Camp David near Thurmont, Maryland, on Aug. 18.
BUSINESS
Sep 4, 2023
South Korea kicks off historic 'samurai bond' sale in Japan
The historic debt offering comes as part of broad-based improvement in ties between Seoul and Tokyo.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023
MUFG joint-venture brokerage sued over Credit Suisse AT1 sales
Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.
Kenya Koshimizu, senior executive at Mizuho Financial Group, speaks during an interview in Tokyo on Monday.
BUSINESS / Economy
Aug 22, 2023
Mizuho deferring JGB purchases as BOJ mulls policy exit: official
Banks face a looming inflection point as Japan's economy approaches policy normalization after years of little growth, weak spending and massive easing.
The Bank of Japan headquarters in Tokyo
BUSINESS
Aug 21, 2023
BOJ adjustments show strain as record bond buying continues
Doubling the effective cap on benchmark yields in December and again last month has yet to significantly reduce the central bank's purchases.
The Bank of Japan headquarters in Tokyo. Some economists see the central bank’s loosening of restraints on 10-year bond yields as a message to the government that it now will have to do financial management responsibly, because the BOJ won’t control yields as firmly as it used to.
BUSINESS
Aug 4, 2023
Japan’s fiscal plight draws scrutiny after BOJ policy tweak
Tokyo seeking to expand spending on defense and child care, even as the national debt has grown to almost 260% of gross domestic product.
The U.S. Capitol in Washington. After its downgrade of the U.S., Fitch’s AAA club now consists of Germany and Australia, along with seven others, including smaller, rich countries such as Switzerland and Luxembourg.
BUSINESS
Aug 4, 2023
Pristine AAA bond universe just got a whole lot smaller
Fitch's U.S. downgrade is the latest example of a decadelong trend in rich economies as worries about high and rising debt burdens come to the fore.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023
BOJ tweak not prelude to ultralow rates exit: deputy governor
Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.

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