Financial Times (January 14)
2023/ 01/ 15 by jd in Global News
“Since the Bank of Japan stunned markets by widening the band of its yield curve control (YCC) policy on December 20, markets feel things are now moving tectonically for one of the developed world’s most unorthodox financial regimes.” At long last, the ‘widow-maker’ trade “is making money. On Friday and for the first time in almost a decade, yields on the benchmark 10-year JGB rose to 0.53 per cent and, critically, outside the BoJ’s target band in defiance of its ever more desperate efforts to fight the market.”
Tags: 10-year, Benchmark, BOJ, Control, Defiance, Desperate, Financial regimes, JGB, Markets, Target band, Widow-maker trade, Yield curve, Yields
