BOJ First Unlimited Bond Buys Get No Bids After Yields Retreated
BOJ to Buy Bonds at a Fixed Rate
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The Bank of Japan said no bids were placed at its first operations when it offered to buy bonds at a fixed rate, a tool it introduced when deciding in September it would seek to control the yield curve.
Japanese government bonds advanced on Thursday as the central bank said it would carry out two operations, one to buy securities maturing in one to three years, and another for debt of three to five years maturity. Each received zero bids, according to statements from the BOJ.