(Bloomberg) -- The Bank of Japan offered to buy more bonds than planned at its regular market operations on Wednesday.
The BOJ will purchase 100 billion yen ($675 million) more bonds than planned across three- to 25-year tenors. Purchases of debt due in more than 25 years were raised by 50 billion yen. The central bank separately offered to buy an unlimited amount of 10-year notes at a yield of 0.25%.
Ten-year bond futures gained 45 ticks to 148.45. There has been no cash trading for this tenor so far Wednesday after yields closed at 0.25% on Tuesday, which is the upper end of the trading band that the BOJ tolerates.
First Published: 26 Oct 2022, 08:24 AM IST