Could Japan’s Yield Curve Control (YCC) Change Wreck US Treasuries?
Japan’s long-awaited change to her YCC policy threatens to roil international bond markets. We estimate that JGB yields could break 1% and US Treasuries could test 4½ %. It reinforces our downbeat view of global bonds. Avoid duration.
Keep reading with a 7-day free trial
Subscribe to Capital Wars to keep reading this post and get 7 days of free access to the full post archives.