JBIC opens up dollar threes for Japanese, Yellen turns hawkish

Japan dollars Fotolia 230x150
By Craig McGlashan
16 Feb 2017

Japan Bank for International Cooperation (JBIC) made a rare appearance in three year dollars this week, opening the way for its peers to follow. But there is little in the dollar pipe from Japanese or any other SSA issuers — all of which are well funded — after a week when US rate expectations were jolted by comments from Federal Reserve chair Janet Yellen.

On Tuesday Yellen warned that waiting too long to raise the Fed’s target rate ran the risk of a dangerously rapid series of increases later, while adding that every Fed meeting is ‘live’ — boosting the possibility of ...

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