The BoJ telling us any rate rise won't be a straight line/And other good stuff
Well, just a trading day after the BoJ said they would tolerate a 10 yr yield somewhere between .50 and 1.00% and the market immediately tested them, today they made clear that .60% is all they want to see right now. Right on the opening the 10 yr JGB yield jumped from .575% to almost .615% and the BoJ soon after intervened. While I still think over tim…
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