Nobody Has Traded 10Y Japanese Govt Bonds For 2 Days!

No trades (none!) were reported overnight in the benchmark 10Y Japanese Government Bond (JGB) for the second straight day. This is the first such occurrence since 1999. As Bloomberg reports, trading volumes in JGBs have dried up over the years as the BOJ scooped up sizable chunks of the debt to keep a cap on yields.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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