Why The Japanese Are Suddenly Messing With YCC

By |2019-10-03T19:01:36-05:00October 3rd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

While the world’s attention was fixated on US$ repo for once, the Bank of Japan held a policy meeting and turned in an even more “dovish” performance. Likely the global central bank plan had been to combine the Fed’s second rate cut with what amounted to a simultaneous Japanese pledge for more “stimulus” in October. [...]