El-Erian Yen Nightmare Helps Send Japan Bond Yields to New Lows

  • Benchmark 10-year yield plunges to record low of minus 0.155%
  • Five-, 10-year auctions draw strongest demand since 2014

El-Erian: Yen Is a Nightmare for the BOJ

Mohamed El-Erian calls the surging yen a nightmare for the Bank of Japan. In the bond market, it helped send benchmark yields to a record low.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.