Greece Challenged by JGBs for Most-Volatile Bonds

Bank of Japan Governor Haruhiko Kuroda’s unprecedented stimulus has made his nation’s bonds the world’s most-volatile sovereign debt after Greece’s.

Historical price volatility of Japanese government bonds maturing in more than 10 years has jumped 14.8 percentage points this year to 17.6 percent on a 10-day reading, the second highest among the 25 sovereign markets tracked by the European Federation of Financial Analysts Societies and Bloomberg. Swings for Greek bonds fell 15.9 points to 20.4 percent. By comparison, JGBs were the least volatile globally at the end of 2011.