(Reuters) - Short-term yields have steadily risen and euroyen futures have slid to a nine-year low as investors believe the BOJ will likely lift overnight rates later in the year to 0.75 percent from the current 0.5 percent as long as growth remains solid.
"It's a very healthy correction the market has had in the past few days," said Tatsuo Ichikawa, chief JGB strategist at ABN Amro. "The short-end was trading too rich compared with market expectations for one more rate hike this year."
Read more at Reuters.com Bonds News
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