Inflation Alert! Bank of Japan when raising interest rates today: 'The functioning of bond markets has deteriorated, particularly in terms of relative relationships among interest rates of bonds with different maturities and arbitrage relationships..."
Inflation Alert! Bank of Japan when raising interest rates today: 'The functioning of bond markets has deteriorated, particularly in terms of relative relationships among interest rates of bonds with different maturities and arbitrage relationships between spot and futures markets.'
Source: https://www.boj.or.jp/en/announcements/release_