JGB yields on up-and-up, 10s highest since April 2012
JGB yields gap up again today, 10s to 1.106%, highest since April 2012
Japanese yields on way down then from @2.0% peaks in 2006/2007
BOJ plan to announce bond purchase taper at July meeting behind move
Japanese yield curve steepening too with policy short rate seen on hold
Yield on JGB 2s @0.360%, still below 0.411% peak on May 31, rising though
Narrowing Japan-US interest rate differentials to eventually help cap USD?
Maybe still wide enough for carries but for how long?
To lock in current yields before moving even lower?
Related comments nL1N3IN01O, nL1N38F03N
On BOJ nL4N3IU06R, nL4N3IF082, for more click on FXBUZ
Yield on JGB 10s - monthly: https://tmsnrt.rs/3RRHdYw
JGB-US Treasury 10-year interest rate differential - monthly: https://tmsnrt.rs/3RN66Ev
Yield on JGB 2s - monthly: https://tmsnrt.rs/45WYeXa
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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