Shinji Kunibe
Shinji Kunibe
bank bets betting central curve great increases investors likely past rate time year
It's time to take off bets on the curve flattening, it's been a great run. Some investors had been betting on up to two rate increases this year but the central bank isn't likely to go past one.
bonds change grow next policy several solid stocks surprised yields
I was surprised to see speculation of a policy change grow stronger. Bonds tumbled as stocks rallied on the solid economy. Yields are to rise in the next several months.
assess buy hard higher notes people push sale secure
People want to secure a higher coupon for tomorrow's sale and they are selling. It is hard to buy notes as people assess when the BOJ will push up rates.
demand economy gain hurting inflation recent reports returning staying stocks strong
The gain in stocks is hurting demand for bonds. Recent reports showed the economy is staying strong and inflation is returning to Japan.
ahead bank bonds buy central concern interest investors notes raise reluctant rising sale seeking yields
Investors will be reluctant to buy bonds ahead of the five-year notes sale today. There is a concern bond yields will keep rising and the central bank is desperately seeking to raise interest rates.
ahead bet bond bonds core events held investors lost negative people prices report sensitive sold yesterday
Investors were more sensitive to bond negative events this week. Bonds were sold ahead of the report on core prices yesterday and I bet people who held medium-term notes, such as five-year securities, lost a lot of money.
bond fair level outlook policy reaching reflect
Bond yields, especially five-year ones, are reaching a fair level to reflect the outlook for a policy shift.
add gain helping holding longer matter negative reached sentiment stocks time yields
It was just a matter of time before 10-year yields reached 2 percent. The gain in stocks is helping add to negative sentiment about holding longer bonds.
bank central concern increased inflation markets overseas
Concern about inflation in overseas markets increased speculation that Japan's central bank will move.