I posted earlier on : Bank of Japan bond buying program for May will be published today
- Due at 0800GMT
Nomura expect the Bank will cut its planned purchases for bonds in the 1 to 5-year maturity government bonds
- by 50b yen for debt maturing in 1 to 3 years & 3 to 5 year
- Citing tight supply
Nomura also note:
- BOJ may want to cut buying in maturities over 25 years to increase yields to help insurers
- Unlikely to change for 5-to-10-year
- Small chance of cutting 10 to 25 yr, this would impact the 10-year yield