Japanese Bond Futures Suffer Biggest Rout Since 2013, Trigger Circuit-Breakers After ‘Soros’-Style Bets Build

- Japanese Bond Futures Suffer Biggest Rout Since 2013, Trigger Circuit-Breakers After ‘Soros’-Style Bets Build
by Tyler Durden, https://www.zerohedge.com/
Circuit-breakers were triggered overnight in the Japanese bond futures markets as the death-match between bond traders and The Bank of Japan played out on its largest scaled yet.
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“It’s a challenge by foreign players to YCC or moves based on their views the BOJ will tweak policy,” said Katsutoshi Inadome, a strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo.
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“Tension is heightening toward Friday’s BOJ decision.”
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Ten-year JGB futs crashed by the most since 2013 as traders bet that the BOJ will be forced to abandon its pledge to cap yields at 0.25%.
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