Kangaroos up and down on Japan volatility

The Bank of Japan’s announcement last week that it would step up its quantitative easing programme got the Kangaroo market off to a strong start this week, with Rentenbank taking advantage of Japanese demand for high yielding paper.

  • 12 Apr 2013

However, despite some predictions of a rush of issuance in the currency, the volatility engendered by the announcement limited Japanese involvement in a deal from Kommunalbanken on Thursday.

Nomura and TD Securities on Tuesday priced a A$200m ($207.7m) tap of Rentenbank’s 4.25% January 2023 paper at 60bp over mid-swaps, ...

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