FW: Global Markets Daily: Testing BOJ Resolve On 10Y Yield Boundaries

 

 

Testing BOJ Resolve On 10Y Yield Boundaries Global Markets Daily by Saktiandi Supaat FX Research JGB yields continued to break new grounds with 10Y yields rising to a new 2018 high of 0.135% (on 2 Aug) - a level not seen since Feb 2017. JGB yields have since eased off this morning. The move higher comes after BOJ governor Kuroda suggested that the band in which the 10Y yield could move could be doubled, i.e., from 0.1% to 0.2%, with market testing the new boundaries. This narrowed the yield differentials between 10Y UST and JGB this morning, weighing on the USDJPY... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.