BoJ intervenes to buy unlimited amount of 5 to 10-year JGBs after yields hit nine-year highs

After yields on the benchmark 10-year Japanese Government Bonds (JGB) hit fresh nine-year highs near 0.65%, Bank of Japan (BoJ) was quick to intervene in the country’s bond market.  

The Japanese central bank purchased an unlimited amount of 5 to 10-year JGBs to stem the incline in the yield curve.