Japan Five-Year Debt Draws Solid Demand as Higher Yields Attract

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(Bloomberg) -- An auction of five-year government notes in Japan met solid demand in the nation’s first sale since central bank Governor Kazuo Ueda jolted markets with comments that suggested negative interest rates may be on the way out. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains a

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingNever underestimate the Bank of Japan's ability to move markets. Just as the dollar's rally appeared to be accelerating and worries over Asian currency weakness deepening, BOJ governor Kazuo Ueda indicated a possible shift away from a negative interest rate policy, perhaps before the year is out.

Ueda's comments ignited the Japanese Government Bond and currency markets - the yen scored its biggest rise in two months and the 10-year JGB yield leaped to its highest in almost 10 years, scaling 0.70% for the first time since January 2014. -- International oil majors are eager to expand at promising natural gas projects off of Colombia’s Caribbean coast, Ecopetrol SA Chief Executive Officer Ricardo Roa said in an interview.

 

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Japan Tests Demand in Another Debt Sale After Ueda Rate RemarksThe Japanese government will face another test of demand in the bond market with a five-year auction Tuesday in the first sale since central bank Governor Kazuo Ueda jolted markets with comments on the negative interest rate policy.
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