Japan's Long Bonds Rebound After Finance Chief Calls for Market Calm [Yahoo! Finance]
SUMITOMO MITSUI TR S/ADR (SUTNY)
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Source: Yahoo! Finance
The country will hold a snap election on Feb. 8, fueling worries there will be more wild swings ahead and keeping yields near historical highs. The yield on the 40-year tenor stayed above 4%, even after a drop of 17 basis points Wednesday. The slide in stocks deepened, and the yen - the worst performing G-10 currency so far this year - hovered around 158 against the dollar. Most Read from Bloomberg Seattle Is Building Light Rail Like It's 1999 Chicago Splits 2026 Advance Pension Payment on Cash Crunch NYC's New Comptroller Sounds Alarm on Two-Year Deficit of $12.6 Billion Summit $451 Million Deal for Bankrupt NYC Buildings Approved Tokyo Becoming Colony for the Rich, Pritzker Winner Warns The Bank of Japan went ahead with bond buying operations as planned on Wednesday, while Democratic Party for the People leader Yuichiro Tamaki said that the government and the central bank should take a firm response to the excessive moves. He suggested considering buying back governme
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