It's not a good time to hold bonds. Relative to economic fundamentals yields are too low.
Susumu Kato
Longer bonds will stay solid as inflation expectations won't grow significantly soon while shorter debt is difficult to buy amid speculation about a rate hike. The yield curve may flatten a bit more.
grow expectations difficult debt bonds inflation
Economic growth is better than what was forecast in October, though this needs to be balanced with the fact that inflationary pressures haven't built up as much.
growth fact
time good bonds
With the data showing a 0.5 percent rise, the BOJ could take a step forward to shifting the policy without hesitation.
data forward hesitation rise
It's very symbolic. It indicates that monetary policy is back to normal and investors are discounting possible future rate hikes.
future normal
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