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Violent swings in the Japanese government bond prices forced the Tokyo exchange to twice...

Violent swings in the Japanese government bond prices forced the Tokyo exchange to twice temporarily stop trading in them overnight. JGB prices first continued to rise sharply in wake of the new BOJ policy - the yield plunging to 0.315% - but investors rushed to take profits, and the yield then soared to 0.62%. This for a product in which a 2 basis point move makes headlines.
Comments (6)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This is what happens when you play with mother nature....no free markets anymore..just casinos to play in....
    5 Apr 2013, 08:02 AM Reply Like
  • geo.kid
    , contributor
    Comments (7) | Send Message
     
    2nd largest bond market in world moves like a penny stock and no mention of it in the wsj , this needs to be watched closely
    5 Apr 2013, 08:17 AM Reply Like
  • The Retired one
    , contributor
    Comments (184) | Send Message
     
    geo.kid No kidding whew
    5 Apr 2013, 09:17 AM Reply Like
  • JohnMazz
    , contributor
    Comments (6) | Send Message
     
    Whenever the fed did QE bond prices actually fell despite the fed buying because people wanted to take advantage of inflation. My person feeling is that JGB investors will start running for the exits and forget about trying to pick up pennies on the way out the door.
    5 Apr 2013, 10:39 AM Reply Like
  • Tres Knippa
    , contributor
    Comments (38) | Send Message
     
    Watching and trading the JGB futures last night was insane. Bid offers got about a mile wide. Was crazy trading for sure. Is this the start of something bigger? Check out ShortJapanDebt
    5 Apr 2013, 12:19 PM Reply Like
  • The Thoughtful Investor
    , contributor
    Comments (9) | Send Message
     
    After decades of declining JGB yields a clear and sharp reversal. See detailed comments at The Thoughtful Investor.
    10 Apr 2013, 01:36 PM Reply Like
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