The BOJ’s Monumental Fraud On Global Markets Escalates—-Relentless Bid Drives 10-Year JGB Yield To 0.31%

.......while Japan was enjoying the consequences of the BOJ monetizing 100% of all gross JGB issuance....... overnight the Japanese Ministry of Finance not only sold $22 billion in 2 Year paper at a negative yield of -0.003%: the first time ever a government note (not bill) has sold at a negative yield, but the Japanese 10 Year yield dropped to 0.31%, declining below the previously all time low hit on April 2013 when the BOJ first announced its unprecedented QE program.
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