Treasury yields rise as Japan unexpectedly loosens its bond yield cap

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Treasury yields rise as Japan unexpectedly loosens its bond yield cap
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Treasury yields rise as Japan unexpectedly loosens its yield cap

to move 0.5% either side of its 0% target, up from 0.25% previously, in a move aimed at cushioning the effects of protracted monetary stimulus measures. The move prompted the Japanese yen and bond yields around the world to rise suddenly, while stocks in Asia-Pacific retreated.

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