Bank of Japan Tapers Purchases Prompting Bonds Sell-Off
The Bank of Japan (“BOJ”) trimmed its buying of bonds due in more than 25 years by 10 billion yen ($88.9 million) to 50 billion yen at its regular operation on 21 September 2018, the first reduction since July. The central bank had said in July that it...
U.S. 10-Year Treasury Yield Again Climbs Above 3% as Investors Weigh Economic Data Against Fed Policy
Yields on the benchmark 10-year U.S. Treasury note topped 3% on Friday, 14 September for the first time since 2 August and continued to fall early this week as investors weighed conflicting data on the economy and Federal Reserve policy. Yields have been creeping up...
EM Woes Weigh on an Otherwise Quiet August
The month of August has been varied for the bond markets with 56.9% of USD bonds in our universe having a positive monthly return (ex-coupon). The remaining 43.1% of bonds have delivered a negative return for investors. The bonds with a negative price return have...
Fed Chairman Powell Reiterates Policy of Gradually Raising Rates
Federal Reserve Chairman Jerome Powell, speaking at the Kansas City Fed’s annual policy symposium in Jackson Hole, Wyoming, confirmed that the strength of U.S. economic expansion justifies gradually raising interest rates. This is Powell’s first speech as Fed chief...
