The US dollar looks to be on target for its best weekly performance against the Japanese yen since early June, despite yesterday's slip on the back of concerns for the stability of the US economy with the potential tapering of the Federal Reserve's $ 85 billion
a month bond purchasing program once again coming to the forefront of investors minds.
Not exact matches
The yield on the U.S. 10 year Treasury
bond recently hit 9 -
month highs and the 2s10s spread widened on news of the Bank of Japan trimming its long - dated
bond buying
program and questions around China's ongoing
purchase of U.S. Treasuries (USTs) with its foreign - exchange reserves.
The committee members also voted unanimously to maintain the current asset -
purchase program, which includes
purchasing UK government
bonds at # 435 billion and non-financial investment - grade corporate
bonds at # 10 billion per
month respectively.
Regarding the path ahead for ECB policy, it seems likely adjustments to the central bank's
bond -
purchasing program will be discussed by policymakers at meetings in coming
months, given the technical difficulties and political risks involved.
The Fed also announced that next
month it would begin reversing its massive
bond purchase program begun during the financial crisis.
Additionally, the European Central Bank (ECB) began a new corporate
bond purchase program earlier this
month, depressing European government
bond yields even further and driving up demand for Treasuries.