It isn't likely only the Federal Reserve or European Central Bank weighing on the Treasury market on Monday, but also the Bank of Japan.
In one of 2022’s more unusual U.S. bond-trading sessions, it wasn’t only the Federal Reserve or European Central Bank weighing on the roughly $24 trillion Treasury market on Monday, but also concerns about the Bank of Japan.The BOJ, the last dovish major central bank left in the world, may be moving closer to a hawkish pivot, analysts said.
Taken together with China’s sudden reopening following a swift rollback of many COVID restrictions, the latest on the BOJ was having at least some influence on Treasurys trading, said Larry Milstein, senior managing director of government debt trading at R.W. Pressprich & Co. in New York. “We’ve already heard from the Fed, which is pushing back against what the market is pricing in,” while traders have absorbed European Central Bank President Christine Lagarde’s plans for more rate increases in 2023, the trader said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Asian Stocks Lower as Risk-Off Sentiment DominaToday's Forex news: Asian Indices Down as Week Opens; Yen Jumps on BoJ Hawkish Pivot Signs.
Read more »
BoJ to water down price targetReuters reported that Japan's government is set to revise a decade-old joint statement with the Bank of Japan (BOJ) that commits the central bank to a
Read more »
BOJ must eye rate hike, shift to more flexible policy, says ex-deputy governorThe Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest rate target next year if the economy can withstand overseas risks, former deputy governor Hirohide Yamaguchi told Reuters.
Read more »
BOJ must eye rate hike, shift to more flexible policy, says ex-deputy governorReuters reported that the Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest ra
Read more »
Japan’s Matsuno: Government hopes to continue working closely with BoJJapan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, the government hopes to continue working closely with the Bank of Japan (BoJ) to achi
Read more »
USD/JPY bears poke 136.00 as BOJ hawks flex musclesUSD/JPY holds lower grounds near the intraday bottom of 135.77 as the Yen buyers keep the reins ahead of this week’s Bank of Japan (BOJ) monetary poli
Read more »