Your Daily Brief For November 1st

Your Daily Brief For November 1st

about 1 month ago1 min

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Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll look at the Bank of Japan's slow but steady path to relinquishing yield curve control – its old deflation-fighting tool.

"Inflation concerns have resurfaced, forcing the Bank of Japan to loosen its grip on yield control – and this means market forces can now have a bigger impact on its 10-year government bond yield."

Key takeaways:

  • The Bank of Japan loosened its control over long-term bond yields while maintaining a negative short-term interest rate
  • The World Bank warned that crude oil could cost over $150 a barrel if conflict in the Middle East intensifies and extreme supply cuts take hold
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