Seeking Alpha

JGBs fail to trade on Monday

  • Think the Fed is bad? With the Bank of Japan vacuuming up the supply thanks to its own QE program, the government's new issue of 10-year JGBs looks like its going to go 24 hours without even a single trade. Typically, recent issues are the busiest traders, but the BOJ is buying about ¥7T of JGBs per month, roughly 70% of all new issuance. With rates so low and supply scarce, traders say sitting on the sidelines is less costly than trading.
  • Don't expect the market to stay asleep for long, says traders, with one expecting a big jump in yields rather than a slow creep upwards. 10-year JGBs currently yield 0.61%.
  • ETFs: JGBS, JGBT, JGBB, JGBL, JGBD
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Comments (1)
  • pollyserial
    , contributor
    Comments (1094) | Send Message
     
    "....something touched me deep inside, the day the music died...."

     

    http://bit.ly/1gyaGPI
    14 Apr 2014, 07:29 PM Reply Like
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