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Off The Rails: No Trades in Japan 10-Year Bonds

Instead of “Off the Run Treasuries,” Japan has “Off the Rails sovereign debt.” As if Godzilla has once more attacked Tokyo. (Bloomberg) — Japan’s benchmark bonds recorded no trades on Wednesday, less than a month after the central bank sought to enliven the world’s second-biggest debt market by relaxing yield control. That’s the seventh instance this year … Continue reading Off The Rails: No Trades in Japan 10-Year Bonds Shows Limits of BOJ Tweaks (Godzilla Strikes Again?)