Bank of Japan Steps Into Market to Slow Rising Bond Yields

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(Bloomberg) -- The Bank of Japan announced an unscheduled bond-purchase operation on Wednesday, reminding the market of its determination to slow the pace of...

-- The Bank of Japan announced an unscheduled bond-purchase operation on Wednesday, reminding the market of its determination to slow the pace of increases in sovereign yields.The operation had no immediate impact on the benchmark 10-year yield, which earlier in the day touched 0.815%, a fresh decade high. Japan’s sovereign debt has faced renewed pressure amid a selloff in US Treasuries, and as traders test the BOJ’s tolerance in the lead up to a monetary policy meeting on Oct. 30-31.

The BOJ is likely to discuss raising its inflation projection for fiscal year 2023 and 2024 at this month’s meeting, according to people familiar with the matter. 'That blew up in my face': This college student lives free in her uncle's investment property — but still collects rent from her friends and pockets the cash. Is she 'greedy' or resourceful?TFSA: Invest in These 2 Stocks for a Real Shot at $1 Million

 

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