Australian treasurer Morrison: Returning budget to surplus is critical

Australia’s treasurer Morrison was on the wires earlier today, via Bloomberg, expressing his concerns about losing the AAA rating.

Key Headlines:

Vital we reduce borrowing for day-to-day spending

Returning budget to surplus is critical

BOJ steps up purchases of super long JGBs

Rising treasury yields is making it hard for the Bank of Japan (BOJ) to cap gains in the Japanese government bond (JGB) yields at the long-end of the
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Increase in super-long JGB buying is aimed at steering yield curve to what BoJ deems appropriate

A BOJ official is on the wires now, via Reuters, justifying the reason behind stepping up JGB purchases at the long-end of the curve. Key Headlines:
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