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Realistbear

I R Moving Higher In Japan

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http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

TOKYO (AFX) - Japanese government bond (JGB) prices ended the session sharply lower, with the yield on the lead 10-year debt at a 21-month high as fresh speculation emerged in the market that the Bank of Japan would act soon, possibly in July, to hike its near zero interest rates, dealers said.
They noted that a string of recent data pointing to an end to deflation and a continued economic recovery have heightened prospects for a such a hike despite BoJ governor Toshihiko Fukui disappointing the market on Tuesday when he failed to give any hint over the likely timing of a possible increase.
The yield on the benchmark 10-year bond closed at 1.925 pct, up from 1.880 pct late yesterday. This was the highest finish since June 17, 2004 when it ended at 1.940 pct.
The yield on the lead 20-year note was at 2.320 pct, a 20-month closing high. Yesterday, it finished at 2.260 pct.

This is important news fellow HPCers! IR are on the move and they are doing so much faster than we all thought. The Bond Market is calling the shots now. The ripple effect is already pushing our mortage rates up as today's thread on topic has shown.

:)

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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