Bank Of Japan's Bond Purchase Reduction Leaves ETFs Flat, Yen Softens
Portfolio Pulse from Michael Juliano
The Bank of Japan's decision to reduce its bond purchases has left U.S.-traded Japan bond ETFs mostly flat, with the yen softening. WisdomTree Japan Interest Rate Strategy Fund (JGBB) remained unchanged, SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) slipped 0.09%, and Franklin International Aggregate Bond ETF (FLIA) ticked up 0.4%.
June 14, 2024 | 6:13 pm
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NEGATIVE IMPACT
SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) slipped 0.09% after the Bank of Japan's decision to reduce bond purchases.
BWX experienced a slight decline, reflecting a minor negative short-term impact from the BOJ's decision.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
WisdomTree Japan Interest Rate Strategy Fund (JGBB) remained unchanged following the Bank of Japan's announcement to reduce bond purchases.
JGBB's price remained flat despite the BOJ's announcement, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Franklin International Aggregate Bond ETF (FLIA) ticked up 0.4% following the Bank of Japan's announcement to reduce bond purchases.
FLIA saw a slight increase, indicating a positive short-term impact from the BOJ's decision.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60