Former BofA Head of Global Rates, FX and EM Research. Rates, dollar, elections and geopolitics-to-markets transmission. Weekly, with explicit positioning calls.
The yen’s post-intervention appreciation is unlikely to prove durable, as unchanged monetary conditions and Japan’s underlying political and economic realities continue to favor weakness.Month
Japan’s fiscal sustainability has deteriorated under aggressive stimulus plans, contributing to higher term premium, rising borrowing costs, and sustained pressure on the yen.Year
Japanese government bonds face rising run risk as fiscal sustainability concerns elevate term premium and borrowing costs, with any crisis likely to spill into global markets.Year
Yen weakness is structural rather than cyclical because Japan's debt burden constrains Bank of Japan rate hikes and aggressive fiscal spending reinforces depreciation.Year
A daily catch-up of talking heads, in fifteen minutes.
The yen’s post-intervention appreciation is unlikely to prove durable, as unchanged monetary conditions and Japan’s underlying political and economic realities continue to favor weakness.DIRECTION ONLY$DXY$UUP
The yen’s post-intervention appreciation is unlikely to prove durable, as unchanged monetary conditions and Japan’s underlying political and economic realities continue to favor weakness.
Japan’s fiscal sustainability has deteriorated under aggressive stimulus plans, contributing to higher term premium, rising borrowing costs, and sustained pressure on the yen.DIRECTION ONLY
Japan’s fiscal sustainability has deteriorated under aggressive stimulus plans, contributing to higher term premium, rising borrowing costs, and sustained pressure on the yen.
Japanese government bonds face rising run risk as fiscal sustainability concerns elevate term premium and borrowing costs, with any crisis likely to spill into global markets.DIRECTION ONLY$TLT
Japanese government bonds face rising run risk as fiscal sustainability concerns elevate term premium and borrowing costs, with any crisis likely to spill into global markets.
Yen weakness is structural rather than cyclical because Japan's debt burden constrains Bank of Japan rate hikes and aggressive fiscal spending reinforces depreciation.DIRECTION ONLY$DXY$UUP
Yen weakness is structural rather than cyclical because Japan's debt burden constrains Bank of Japan rate hikes and aggressive fiscal spending reinforces depreciation.
Oil prices should rise because Iran's rejection of Strait control sharing raises the likelihood of escalation and makes U.S. disengagement more difficult.DIRECTION ONLY$USO
Oil prices should rise because Iran's rejection of Strait control sharing raises the likelihood of escalation and makes U.S. disengagement more difficult.
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