Because of fears over an early end to the quantitative monetary easing policy and overrated speculation of subsequent rate increases following the policy shift, we have seen last week yields rise to levels that fully price in a 0.5 percentage point rate hike.
More Quotes from Osamu Tamada:
The market regained calmness after the two-year auction finished, as the auction attracted good demand. But the market remains top-heavy.Osamu Tamada
Caution ahead of CPI appears to have kept most investors at bay.
Osamu Tamada
The auction result was disappointing and the market trend is already weak. Investors are staying on the sidelines and not buying.
Osamu Tamada
Basically, the market mood hasn't changed from yesterday. Investors are taking a wait-and-see stance before Fukui's press conference.
Osamu Tamada
The market is changing positions today, and a rise in US Treasury prices is one of the factors that pushed up the market.
Osamu Tamada
US Treasuries were sold down heavily (overnight) and this and the upcoming Golden Week holiday appear to have provided a cue for sellers.
Osamu Tamada
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