The Traderszone Network

Published in TZ Latest News 17 November, 2016 by The TZ Newswire Staff

Bank of Japan Reacts Strongly to Surging Bond Yields

From ZeroHedge: We warned last night that the runaway yields on Japanese Government Bonds were a worrisome signal that the Bank of Japan had lost control (as short-dated yields rose above target and 10Y broke above policy 0.00% levels).

Sure enough, it appears Kuroda hit the panic button tonight as it announced it first fixed-rate unlimited bond purchase operation.

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