Trump's plan to buy mortgage bonds will affect rates
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Investors are on tenterhooks ahead of Japan’s two-year government bond auction on Thursday, amid speculation that the Bank of Japan may need to raise interest rates more aggressively to rein in inflation and support the yen.
President Donald Trump said Thursday he had ordered “my representatives” in the government to buy $200 billion in mortgage bonds to drive down interest rates and monthly payments, writing in a Truth Social post.