This Is What A Broken Market Looks Like: No One Traded 10Y JGBs On Tuesday

So on Tuesday, not a single 10Y JGB traded. That was the first time we’ve seen a completely lifeless session since June 29.

Yeah, I mean markets were hesitant ahead of CPI in the U.S., but we all know what’s going on here. Kuroda has cornered the JGB market. He owns something like 40% of it and on some issues, he’s damn near the only game in town.

 

 

 

https://heisenbergreport.com/2018/03/14/this-is-what-a-broken-market-looks-like-no-one-traded-10y-jgbs-on-tuesday/