BY........BNNBloomberg
Japan’s 10-year bond yield slipped to levels unseen since July 2016, intensifying a debate among traders that the monetary authority is tolerating lower yields amid a global debt rally.
The yield dropped 1.5 basis points to minus 0.25%, as renewed concerns about world growth and the U.S.-China trade war drives investors to the safety of fixed-income assets. The move takes the JGB benchmark deeper below the bottom of the Bank of Japan’s target range. The central bank had in July 2018 doubled its targeted range for the yield from 10 basis points around zero. Full Story.....