Those designated as primary dealers have exclusive rights to purchase
government bonds. Ten brokerages including Samsung Securities and seven banks are designated as primary dealers.
(Note: For simplicity, we ignore other assets and equity capital of the BOJ except for
government bonds, equity capital and others of private banks.)
First, Japanese monetary authorities administratively determined all interest rates, including those on bank deposits and loans as well as coupon rates on
government bonds and bank debentures.
The Citigroup Chinese and Sri Lankan
Government Bond Indexes, AGBI-Extended, APGBI and other indexes, including the Citigroup World
Government Bond Index (WGBI), can be found on the Citigroup Fixed-Income Index Website and can also be accessed from within The Yield Book, Citi's fixed-income analytical software.
In the 630-day TL-denominated discounted
government bond auction, the Treasury sold nominal 2.02 billion TL and net 1.7 billion TL of bonds.
On Tuesday, Takenaka told a press conference that he will suggest the government examine the feasibility of issuing
government bonds that are convertible with state-held shares.
The Bank of Japan on Monday started the process of buying 1.2 trillion yen worth of long-term
government bonds under its new monetary easing program to pump large amounts of money into the financial market.
The IMF in its report said that domestic banks had become dominant buyers of
government bonds since 2008.
He told a news conference the rates' sharp rise that came in reaction to his revelation Tuesday that the Finance Ministry's Trust Fund Bureau will stop buying long-term bonds outright starting next month, was ''unexpected.'' Noting the bureau's purchases are a small part of the bond market, Miyazawa said he does not foresee trouble in
government bond redemption.
Global Banking News-September 27, 2012--South Africa adds bond index to Citi World
Government Bond Index(C)2012 ENPublishing - http://www.enpublishing.co.uk