2023年1月18日

日本住友三井信托成為最新的公司交易。日圓後信貸息差擴大央行改變收益率上限。8:29堅持,2023年1月18日8:29堅持,2023年1月18日8:29堅持,2023年1月18日早上節省通勤者麵前的日本央行(BOJ)總部在東京,日本,星期一,2023年1月16日。日本央行周三將其最新的政策決定,後不久,其龐大的寬鬆政策受到曆史上最激烈的市場攻擊州長Haruhiko Kuroda長達十年的任期。攝影師:清Ota /廣告彭博(Bloomberg)——越來越多的猜測,日本央行將再次改變其收益率曲線控製策略是推高借貸成本,促使大量的破壞了債券交易。(彭博社)——越來越多的猜測,日本央行將再次改變其收益率曲線控製策略是推高借貸成本,促使大量的破壞了債券交易。日元公司債券銷售將本月下跌約70%,與去年同期相比,3650億日元(28億美元),最小的發行數量自2006年以來,據彭博社采集數據顯示。住友三井信托控股公司成為最新日本發行人祭,周二說,該公司已決定擱置其計劃10年期銷售由於市場環境。缺乏交易之際,日本信貸利差觸及後本月早些時候創下2020年7月以來央行震驚市場,擴大其債券交易區間12月下旬。此舉引發押注進一步變化。盡管幾乎所有彭博社調查經濟學家預計沒有改變央行周三結束為期兩天的政策會議,一些投資者正采取更多行動的央行努力保持債券收益率低於其目標。 Another increase in the ceiling for the 10-year government yield is seen as the most likely course of action should the BOJ act, while Bank of America analysts wrote that the market is starting to price in the possibility of policy makers eventually ending its yield-curve control. Japan’s benchmark 10-year bond yield climbed above the central bank’s ceiling for a third day as traders bet it will further adjust its yield curve control policy. Also read: Goldman Says BOJ Could Remove Negative Interest Rate Next The BOJ’s policy tweak last month, which none of 47 economists surveyed by Bloomberg predicted, sparked a surge in rates volatility. “Until we get more clarity on where 10-year government bond yields will be, it’s hard to make investment decisions,” said Shunsuke Oshida, head of credit research at Manulife Investment Management Japan. But given that almost all Japanese issuers have investment-grade credit ratings, so far market gauges of default risk aren’t reflecting much impact from the BOJ move. If anything, Markit iTraxx indexes show Japan credit-default swaps falling in recent weeks, in line with their Asian counterparts. Japanese companies, including Nissan Motor Co., are planning to sell about 85 billion yen of notes in the rest of January after issuing around 280 billion yen of debt so far this month, Bloomberg-compiled data show. That total would be a fraction of the 1.18 trillion yen of corporate bonds sold in January last year. (Updates figure for issuance pipeline in second, final paragraphs. An earlier version of this story corrected the 2023 sales numbers in those paragraphs) More stories like this are available on bloomberg.com ©2023 Bloomberg L.P.