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Don't expect ongoing follow-through from the BOJ in US Treasury yields - BMO

Don't expect ongoing follow-through from the BOJ in US Treasury yields - BMO

Oftentimes, big market surprises reverberate for days and even weeks but BMO fixed income strategists view the Bank of Japan move to widen the yield-curve control band as more of an incremental change that's already been digested, at least in the US Treasury market.

"As for any further follow-through from the BoJ’s holiday surprise, our take is that the prospects are limited," writes the BMO team. "The repricing in JGBs has largely run its course and even if there are another 5-10 bps l... Read More

Posted: Dec 20 2022, 14:44
Author Name: forexlive
Views: 111594

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