Not exact matches
The central bank said it will purchase Japanese
government bonds so that the yield on the 10 -
year note will
remain at around zero percent.
The BOJ plans to
remain active in the 10 -
year sector and focus on keeping the rate of the 10 -
year Japanese
Government Bond at around zero.
The continuing low level of
government bond yields has supported the search for yield that has been evident over the past couple of
years, with the spread between yields on US
government debt and yields on both corporate and emerging market debt
remaining around historical lows over the past three months (Box B).
Yields on 10 -
year US
government bonds have
remained within a relatively narrow range around 4.2 per cent over the past three months.
«The 10 -
year yield
remains entrenched in the consolidative range,» Marty Mitchell, an independent rates strategist and formerly head
government bond trader at Stifel Nicolaus & Co., wrote in a report Wednesday.
With duration fears taking hold, investors favored short - term U.S.
government debt, sinking US$ 2.3 billion into an iShares ETF that holds Treasury
bonds with
remaining maturities of between one month and a
year, the most since January 2016.
The BofA Merrill Lynch Index tracks the performance of U.S. dollar - denominated investment grade
government and corporate public debt issued in the U.S. domestic
bond market with at least 1
year and less than 10
years remaining maturity, including U.S. treasury, U.S. agency, foreign
government, supranational and corporate securities.
The Bloomberg Barclays 1 - 10
Year Government Inflation - linked Bond Index includes publicly issued, TIPS that have at least 1 year remaining to maturity and less than 10 years on index rebalancing date, with an issue size equal to or in excess of $ 500 mill
Year Government Inflation - linked
Bond Index includes publicly issued, TIPS that have at least 1
year remaining to maturity and less than 10 years on index rebalancing date, with an issue size equal to or in excess of $ 500 mill
year remaining to maturity and less than 10
years on index rebalancing date, with an issue size equal to or in excess of $ 500 million.
As for its asset purchase program, the BOJ reaffirmed that, in keeping with its so - called «QQE With Yield Curve Control» framework, the BOJ «will purchase Japanese
government bonds (JGBs) so that 10 -
year JGB yields will
remain at around zero percent.»
Index includes
government bonds, in local currencies, issued by investment grade and non-investment grade countries outside the U.S. that have a
remaining maturity of one
year or more
Index includes
government bonds issued by investment grade countries outside the United States, in local currencies, that have a
remaining maturity of one
year or more and are rated investment grade