Bond yields rose Monday after the Bank of Japan hinted of an end to negative interest rates and traders eyed crucial U.S. data later in the week.
What’s happening What’s driving markets Government bond yields are mostly higher Monday after the Bank of Japan suggested it may soon end its negative interest rate stance.
“Once we’re convinced Japan will see sustained rises in inflation accompanied by wage growth, there are various options we can take,” Ueda reportedly said. “If we judge that Japan can achieve its inflation target even after ending negative rates, we’ll do so.” Markets are pricing in a 93% probability that the Fed will leave interest rates unchanged at a range of 5.25% to 5.50% after its next meeting on September 20, according to the CME FedWatch tool.
The central bank is not expected to take its Fed funds rate target back down to around 5% until July 2024, according to 30-day Fed Funds futures.
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.
Treasury yields are flat to start the week as investors look ahead to key inflation dataU.S. Treasury yields flat on Monday as investors awaited key economic data due this week that could provide additional clues about the outlook for interest rates. The 2-year Treasury yield was last trading about unchanged at 4.99%. The yield on the 10-year Treasury was up by three basis points to 4.29%. Yields and prices move in opposite directions and one…
Read more »
‘The Contestant’ Review: Doc About Japanese Reality Star Tells a Good Story Too SuperficiallyClair Titley's documentary is about Nasubi, who spent 15 months naked, stuck in a small room and living off of magazine contest prizes for a Japanese reality show.
Read more »
Netflix Offers Step-By-Step Guide For Live-Action One Piece's Japanese Dub ViewingThe anime cast returned for the dub.
Read more »
Japanese Schools Installing Telepresence Robots for Students Who Want to Stay HomeFeeling anxious about going to school? A school district in Kumamoto, Japan thinks it might have a solution: wheeled telepresence robots.
Read more »
'A Quiet Greatness' Is a Japanese Car Collector's Dream BookYou will not find a more thorough (or beautiful) recollection of Japanese performance cars.
Read more »