But when you think about it, the Nikkei remains above 16,000 and, level-wise, the 1.4 percent region (for 10-year bonds) is too low, so we're not likely to see too much more buying from this point on.
More Quotes from Akihiko Inoue:
His intentions were not very clear but there is a sense of disappointment in the market, considering some people were thinking the recent spikes in the short to intermediate sector of the yield curve were overdone.Akihiko Inoue
Considering the strong demand among people in the market, 10-year yield won't stay above 1.6 percent for a long time. Even if it reaches it, it won't probably hold for a long time.
Akihiko Inoue
Investors may become cautious about buying bonds given the plunge in U. S. Treasuries and European bonds. Bonds will probably stay lower ahead of the series of the economic indicators.
Akihiko Inoue
If the central bank acts this week, it will probably come up with ways to limit rate increases to ease concerns of the government and investors.
Akihiko Inoue
There may be some selling as people want a higher coupon for the new debt. A 2.2 percent coupon may disappoint investors.
Akihiko Inoue
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