Bank of Japan hikes bond buying as benchmark yields hit decade peak

From cnbc.com

The Bank of Japan announced it’s increasing its bond purchases at Wednesday’s auction, as a spike in government bond yields tests its resolve to defend its yield curve control policy. In a statement Monday, the Japanese central bank said it will conduct an unspecific amount of additional purchases of Japanese government bonds with tenures of more than five years and up to 10 years. This adds to the BOJ’s reported 300 billion yen Friday bond purchase with similar maturities. Yields on 10-year Japanese government bonds hit as much as 0.775% Monday, its highest since September 2013 and nearing the BOJ’s hard 1% ... (full story)