Is the BOJ's Yield Curve Control Working?

Bloomberg Video

September 23 -- The Bank of Japan is tightening its strangle hold on the nation’s fixed-income market. It already drove borrowing costs to record lows by buying about 330 trillion yen ($3.3 trillion) of government bonds, around a third of the amount outstanding. Adding what it calls “yield curve control” to the stimulus mix looks set to freeze 10-year yields near zero. That may further squash liquidity in a market where some dealers are considering an exit. BNP Paribas Senior Investment Strategist Daniel Morris discusses with Bloomberg's Anna Edwards on "Countdown."

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes