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Stock impact report

Japan Confronts Biggest Bond Loss Globally as BOJ Rate Hikes Upend Market [Yahoo! Finance Canada]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Most Read from Bloomberg Key to their shift is the outlook for bond yields in the next 12 months, with some market participants predicting that benchmark 10-year borrowing costs won't climb as sharply as the fiscal year that ends today, when rates more than doubled. Japanese notes lost 5.2% over the past year when fluctuations in exchange rates aren't considered, the worst performance among 44 global markets tracked by Bloomberg. That's the sixth straight year of losses for Japan's sovereign debt, and the biggest since 1990, as the BOJ hikes rate when other central banks are cutting them. “Japan's yields used to move in line with US yields or other overseas yields,” said Yurie Suzuki, a market analyst at Mizuho Securities Co. “But there were a lot of cases this past year where Japan's yields rose even when US yields were falling” due to diverging policy paths, she said. A steady rise in yields have prompted investors such as Pacific Investment Management Co. and the National Show less Read more
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