In Just Hours, Kuroda Kills Weeks of Selling in Japanese Bonds
(Bloomberg) -- In just a matter of hours, Bank of Japan Governor Haruhiko Kuroda killed a trade that has been building for weeks in the nation’s sovereign bonds.Five consecutive weeks of foreign net selling of Japanese bond futures gave way on Friday, as the contracts surged by the most in a year after Kuroda said he doesn’t think it’s necessary to widen the trading band around the BOJ’s 10-year yield target.His comments have helped made Japan bonds an outlier in majo...
Source: yahoo.com