For a decade or two, it’s been dubbed the widowmaker (though truth be told, the losses are more bleed than massive capital loss like those holding US growth stocks currently), but as Barclays notes the Japanese bond market ‘conundrum’ may finally be ready to be played. (or not as we conclude below)
A new bond-market ‘conundrum’ – In Japan?
Michael Gavin, Tal Shapsa
We are always on the lookout for asset prices that seem inconsistent with the more plausible economic and financial scenarios. Sometimes these discrepancies point toward necessary alterations of our fundamental world view. In other cases, they point toward investment opportunity.
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