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Bank of Japan shocks global markets with bond yield shift

Por: CNBC Business December 20, 2022

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The Bank of Japan on Tuesday shocked global markets by widening the target range for its 10-year government bond yield.Kazuhiro Nogi Afp Getty ImagesGlobal markets were jolted overnight after the unexpectedly widened its cap on , sparking a sell-off in bonds and stocks around the world.The central bank caught markets off guard by tweaking its yield curve control (YCC) policy to allow the yield on the Japanese Government Bond (JGB) to move 50... + full article



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