12 / 18 / 2023 : 13 week to 10 year spreads in AM at 1.265

submitted by Cancelthis from self.Options

12 / 18 / 2023 : slight narrowing

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[–]Cancelthis[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Interesting from the perspective of Nippon Steel.

Is it possible that the Bank of Japan and the Japanese central member banks have much more extra cash on hand ?

Or just have been asked to deploy it ?

[–]Cancelthis[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Slight narrowing to mid morning to 1.251

[ not much commitment - just 1.259, then 1.267, then 1.269

[–]Cancelthis[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Is it possible the Bank of Japan is actually trying to drop yen prices ?

That makes a lot of sense if it looks like a major corruption operation by Joe Biden is finally in full swing.

[ price jumps in oil would be one reason they might cite ]