Bank of Japan's daily government bond purchases at an all-time high!
The Bank of Japan is buying huge amounts of government bonds in order to cap the yield on Japanese 10-year government bonds to 0.5%. Yesterday the BoJ bought 4.6 trillion yen and today it is close to 5t yen. Note that at the last meeting, the BoJ had decided on a 9t yen bond buying program ...per month! Source: Bloomberg
SWISS NATIONAL BANK POSTS $143 BILLION LOSS IN 2022, THE LARGEST IN ITS 115-YEAR HISTORY
The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on Monday, the biggest in its 115-year history as falling stock and fixed-income markets hit the value of its share and bond portfolio - source: Bloomberg
Swiss National Bank balance sheet trades in tandem w/FANG Plus Index
The Swiss National Bank is an active investor in stock markets, unlike most other Central Banks. SNB balance sheet trades in tandem w/FANG Plus Index. Source: Bloomberg, HolgerZ
Central banks are buying record amounts of Gold
Source: The Economist
The main reason for BoJ to exit yield curve control (YCC)
Main reason for BoJ to exit yield curve control (YCC) is that it's had to buy unsustainably large amounts of JGBs to cap yields as global interest rates have risen. But the slow exit from YCC is now having the opposite effect. BoJ holdings of JGBs (red) are through the roof... Source: Robin Brooks
ECB Balance Sheet keeps shrinking
ECB total assets drop by another €29.7bn due to quarter-end adjustments (-€42.7bn) to €7,955,8bn, the lowest level since July 2021. ECB Balance Sheet now equals 61% of Eurozone GDP vs Fed's 33% and BoJ's 126%. Source: Bloomberg, HolgerZ
ECB also lags behind other Central Banks in terms of QT
ECB balance sheet remains almost unchanged last week. Total assets stand at €8,761.7bn, equal to 80.9% of Eurozone GDP vs Fed's 33.8% and BoJ's 127%.
Fed tightening forecasts are jumping
Fed tightening forecasts are jumping w/cycle ceiling jumps to 4.9% after hot US inflation data. Source: Bloomberg
