
US Treasury’s bond issuance calendar matters as much as the Fed decision! | MarketTalk: What’s up today? | Swissquote
The Bank of Japan (BoJ) kept interest rates unchanged, redefined the 1% limit on the 10-year JGBP yield as a loose ‘upper bound’ and scrapped its promise to keep that level intact. Alas, the move was less aggressive than expected by the market and sent the yen tumbling.
But the spike in the 10-year JGB yield to almost 1% should’ve pulled the pair lower – especially after the news that the US Treasury will be borrowing less money in the last three months of this year.
The US Treasury Department said yesterday that they are planning to borrow around $776...