BOJ's Yield Control Game Makes Bond Markets Go Bonkers
Key Points
- Japan's Bank of Japan is poised to end its zero-interest era...
Hey there, financial thrill-seekers! Remember when Japan's zero-interest wonderland seemed eternal? Well, those days are going bye-bye faster than free sushi at a traders' conference.
Bonds Gone Wild
The Bank of Japan is gearing up for its June 16-17 policy meeting, and boy oh boy, are markets getting jittery! The 40-year Japanese Government Bonds recently hit a spicy 3.675% - the highest since their 2007 debut. That's like finding wasabi in your vanilla ice cream - shocking and potentially tear-inducing.
The Great Tapering Escapade
Bank of America's crystal ball suggests the BOJ will tr...
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