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Slide 1 of 3: Japan's Savings Start to Stay Home
Japan's Savings Start to Stay Home
Icarus AsiaSeptember 21, 2026
Rates & Macro Research
September 21, 2026Japan
Bank of JapanJapanese SavingsYen CarryJGBsGlobal Yields

Japan's Savings Start to Stay Home

The Bank of Japan's September rate increase looked dovish on announcement, but its slower effects may redirect Japanese savings, lift global term premia and reshape yen-funded risk taking.

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Latest Update

September 21, 2026

|

Japan

|Bank of JapanJapanese SavingsYen CarryJGBsGlobal Yields

Japan's Savings Start to Stay Home

The Bank of Japan's September rate increase looked dovish on announcement, but its slower effects may redirect Japanese savings, lift global term premia and reshape yen-funded risk taking.

Read the full research report
Research

Insights & Analysis.

In-depth reports on the forces shaping global markets and investments.

Treasury Bought Bonds. The Market Wasn't Buying It.
Credit & Macro Research
September 10, 2026|United States|US RatesTreasury BuybacksTerm PremiumLong EndLiquidity

Treasury Bought Bonds. The Market Wasn't Buying It.

A bigger buyback lifted yields for one session in August. Three weeks later a $6 billion operation landed at the low end of expectations, and the 10-year note went on to its highest close since November 2023 — a rounding error against $739 billion of quarterly borrowing.

Read the full research report
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