Makoto Yamashita
Makoto Yamashita
auction consumer focus heavy market policy pressure prices rise schedule shift timing top
On top of a heavy auction schedule in January, if a rise in consumer prices is confirmed, the market will shift its focus to the approaching timing of a BOJ policy shift and keep up pressure especially on the shorter maturities.
bonds economy economy-and-economics hard recovering rise trend
Bonds will find it hard to rise today. The fundamental trend that the economy is recovering has not changed.
lack supply support
Support from a lack of new supply will be short-lived.
bonds consumer core prices rally unlikely
We're unlikely to see a rally in medium-term bonds with core consumer prices edging up.