Discover and read the best of Twitter Threads about #日銀
Most recents (1)
🇯🇵BOJ POLICY (thread)
YCC Policy Unch BUT-
(re-re-reading to make sure correct, & if I am..)
PERMANENT FIXED RATE OP??
“…offer to purchase 10Y JGBs at 0.25% every business day through fixed-rate
purchase operations, unless it is highly likely that no bids will be submitted.”
YCC Policy Unch BUT-
(re-re-reading to make sure correct, & if I am..)
PERMANENT FIXED RATE OP??
“…offer to purchase 10Y JGBs at 0.25% every business day through fixed-rate
purchase operations, unless it is highly likely that no bids will be submitted.”
2/ Evolution of official language on BOJ YCC Fixed Rate Ops (offer to buy unlimited JGBs at specified level- currently 10y JGBs at 0.25%)
•Jan21: “❌upper limit”
•Mar21: “±0.25% range” (only time “0.25%”)
•Apr21 - Mar’22: “❌upper limit”
★Apr22: “offer to buy at 0.25% daily”
•Jan21: “❌upper limit”
•Mar21: “±0.25% range” (only time “0.25%”)
•Apr21 - Mar’22: “❌upper limit”
★Apr22: “offer to buy at 0.25% daily”
3/ Markets-wise, whats insane / what I’ve been flagging about this current moment + next 2-3 hours is:
WTF does a 🇯🇵asset mngr do right now??
Need to decide on buy/sell executions before mkt closes for 1wk
BUT
Need to wait for Kuroda press conf 3:30pm post-close
👆Keep in mind
WTF does a 🇯🇵asset mngr do right now??
Need to decide on buy/sell executions before mkt closes for 1wk
BUT
Need to wait for Kuroda press conf 3:30pm post-close
👆Keep in mind
