Japan's Benchmark Bond Yield Touches One-Year High on BOJ Bets
- BOJ hasn’t conducted a fixed-rate operation on Thursday
- Central bank may let 10-year yield fluctuate more: BlackRock
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Japan’s 10-year yield climbed to 0.1 percent, the highest in more than a year, as speculation that the central bank may discuss adjusting its ultra-loose monetary policy next week continued to rattle the bond market.
The benchmark yield has more than doubled from last Friday as media reports suggested that Bank of Japan officials are debating ways to mitigate the side effects of its policy on lenders. The yield continued to rise even after the BOJ signaled its intention to cap the advance by offering to buy an unlimited amount of bonds on Monday. It didn’t make such an offer on Thursday.