Yield curve
Markets likely to test ECB’s anti-fragmentation tool
ECB could struggle to avoid political disputes over TPI instrument, some observers warn
Exit from bond yield target was ‘disorderly’, admits RBA
Central bank says it is unlikely to use yield curve targeting again
Yen weakens further as BoJ stands by loose policy
Central bank stresses commitment to defending yield curve control despite exchange rate worries
Bank of Japan boosts bond interventions
Yield curve control policy still under pressure
Ten-year yield breaches BoJ target band
Central bank steps in with another purchase operation, but warns on yen weakness
Sovereign green bonds: the reserve portfolio’s panacea?
German, Swedish, Danish and UK debt managers speak to Victor Mendez-Barreira about ‘twin bonds’ and other efforts to solve green bond liquidity concerns
War in Ukraine raising eurozone stability risks, says ECB
Non-bank sector vulnerable to higher interest rates, financial stability review finds
Japan reinforces yield curve control
Yen falls after MPC commits to daily purchases of Japanese government bonds at 0.25% yield
Reserve managers stick to asset diversification
Higher yields not prompting central banks to abandon investments in less conventional asset classes
Reserve managers cut duration as inflation surges
Central banks with bigger portfolios tended to combine this measure with changes in currency and asset allocation, Central Banking survey finds
Fed mulls tightening on scale not seen for decades
FOMC members now contemplating 50bp rate hikes and major asset sales
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
Yen drops as BoJ defends yield curve target
Bond operations send Japanese currency to seven-year low against the dollar
Sovereign bond markets test ECB’s QE withdrawal plans
Investors see “huge risks” of turmoil in peripheral eurozone debt markets
BoJ launches unlimited 10-year sovereign bond purchases
Central bank steps in as investors put pressure on yield curve target, despite low inflation
BoJ ends some emergency measures
Central bank offers more funding for loans to small businesses, but halts some asset purchases
Fed pulls trigger on taper
Fed begins phasing out QE at initial rate of $15 billion per month
RBA drops yield curve control
Lowe acknowledges messy market conditions after yields broke free late last week
Hiking rates before asset sales may constrict credit – paper
Kansas City Fed research says raising the fed funds rate first may cause yield curve inversion
Majority of central banks have power to issue debt for monetary purposes
Central banks pointed to draining liquidity as a reason for issuing debt
Is the ECB’s strategy review enough?
The reformed framework may allow greater stimulus to tackle weak inflation expectations, but the Governing Council is already divided on what to do next
Negative yields decline in Dutch bond markets
Sovereign bonds account for majority of securities yielding negative returns
Surveillance and suptech innovation in central banks
Tony Sio, Nasdaq’s head of marketplace regulatory technology, explains the role market surveillance tools play in central banks’ suptech portfolios.
RBA adjusts yield curve control as economy recovers
Australia “no longer looking over a cliff”, says governor Philip Lowe