Bank of Japan unexpectedly tweaked its yield curve controlsHowever, economists largely interpreted the move as a necessary tweak rather than the prelude to a hawkish pivot from the persistently accommodative central bank.
Positive sentiment returned to risk assets on Wednesday after a strong round of corporate earnings and the release ofFinal third-quarter U.S. GDP data is set to be published at 9:30 a.m. ET on Thursday, alongside last week's jobless claims figures. Auctions will be held Thursday for $45 billion each of 4-week and 8-week Treasury bills, along with $19 billion of 5-year TIPS.