3min chapter

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Bank Of Japan Takes A Major Gamble With Yield Curve Control

Market Depth

CHAPTER

The Bank Japan's Yield Curve Control Program

The bank Japan is effectively just widen out this allowable trading bands on 10 year JGBs under yields curve control program from 0.5% to 1%. But it has done so in a way that it can attempt to at least gradually guide yields higher at whatever pace and whatever way they choose to, right? As per every single time that they keep widening the JGB bands, it just movesright up to the market to move right up to the next upper band immediately, right? So the bank Japan wants to regain optionality or flexibility or really regain command over not just the yield curve but over their yield curve control program itselfield curve control control.

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