ICYMI Japan is to think about trimming super-long bond issuance – Reuters

Two sources told Reuters that Japan will consider trimming issuance of super-long bonds in response to the recent sharp rise in yields. The report weighed on yields and the Japanese Yen as the market started to expect government intervention on the matter.

BoJ officials recently didn’t provide anything to calm the surge in yields, but this news was enough to sooth things for the time being. The decision is expected in June but the total size of bond issuance will remain unchanged. They will just change the composition.

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