Bond yields are set to go higher. With the U.S. economy expanding and reports suggesting Japan's growth is on a firm footing, it's difficult to justify buying bonds. |
Bonds are getting a boost from Fukui's comments. Yields were high enough to attract some investors. |
Investors are buying bonds as they realize a policy shift is not so easy when the government opposes it. Expectations for a change were too excessive. |
Investors are thinking the BOJ may change its monetary policy sooner than expected and that's why bonds are falling. |
Investors are thinking the BOJ may change its monetary policy sooner than expected and that's why bonds are falling. |
Muto's comment reversed sentiment among investors and it is a reason to sell bonds. They're now thinking the economy is still recovering and yields won't keep on falling. |
Muto's comment reversed sentiment among investors and it is a reason to sell bonds. They're now thinking the economy is still recovering and yields won't keep on falling. |
The central bank wants to change monetary policy. Economic sentiment looks bright. |
The drop in the yen is a source of inflationary pressure. It will weigh on bonds. |
The time to reconsider the value of five-year notes arrived. I am thinking about buying five-year notes as their yields rose too much. A trade betting on flattening is about to lose its charm. |
The yen's strength is a shackle for the central bank that keeps it from shifting monetary policy. There's a risk bond yields will decline in the long run. |