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Is the BOG Going to Pull the Rug Out of the Bond Market?
If they are not able to keep control of that yield curve, then that could have huge implications. I think this is where the BOG becomes worrying for people as well. And yeah, they'll have to be forced to buy a lot of bonds, but they've already been doing that. But it'll be destructive for sure, and especially to global bond markets, not just the JGB market.