Volatility of Japan’s Bond Futures Climbs to This Year’s High
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Uncertainty in Japan’s bond market is at the highest level this year ahead of the Bank of Japan’s policy meeting next week, where a reduction in its debt purchase program is widely expected.
The implied volatility of futures for 10-year government bonds rose to 4.489% as of Thursday, the highest since December. Futures for September delivery slipped 0.06 to 142.74 as of 2:44 p.m. in Osaka, set for a seven-day decline.