JaPonijos Psichonomika

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Psichonomika.

Bank Of Japan Unleashes Yield Curve Chaos:

JGBs Inverted At Short- And Long-End.

Japan’s 10-year bond yield dropped to a record -12.5bps Friday, falling below the the negative deposit rate introduced by the Bank of Japan last month, after the central bank’s operation to buy long-term debt met the lowest investor participation on record. Yields on government debt have tumbled since the BOJ announced Jan. 29 that it would start charging 10bps interest on some deposits held at the bank starting Feb. 16.

40Y Yields are down a stunning 90bps since the BoJ went full retard... to record lows.

AND yields are so low that demand for 40Y JGBs has driven its yield below the 30Y yield by the most ever...

:)))

Psychonomics:(((

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