U.S. stocks open mixed after Bank of Japan's surprise policy tweak

U.S. stock indexes opened mixed on Tuesday after the Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, triggering big swings in the equity markets. The Dow Jones Industrial Average DJIA, +0.21% rose 44 points, or 0.1%, at 32,791. The S&P 500 SPX, +0.12% shed 0.1%, while the Nasdaq Composite COMP, +0.04% dropped 0.4%.

The Bank of Japan made a surprise decision on Tuesday that would let the yield on the country's 10-year government bond trade as high as 0.5%, up from 0.25%. The central bank has maintained a target range around zero for the benchmark government bond yield since 2016 and used that as a tool to keep overall market interest rates low. The yen soared over 3% versus the U.S. dollar, while the yields on 10-year Japanese government bonds rose 16 basis points to 0.418%, after moving up to 0.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Stock Futures Wobble; Yen Surges on Bank of Japan ShiftBond yields jumped and the yen surged after the Bank of Japan surprised markets by loosening its yield-curve control policy The interest rate on a 10-year US Treasury overlayed with the price of $1 US in Japanese Yen. economy $EWJ $HEWJ $FLJP $FLJH
Source: WSJ - 🏆 98. / 63 Read more »

Asian Stock Market: Bears cheer Bank of Japan moves to trace Wall Street's lossesEquities in the Asia-Pacific region copy Wall Street’s move, despite an upbeat start, as the Bank of Japan (BOJ) inflicted losses in the stocks and bo
Source: FXStreetNews - 🏆 14. / 72 Read more »