David Kass
@DrDavidKass
Finance Professor at Robert H. Smith School of Business, University of Maryland. Look for updates on Warren Buffett, Finance, Economics, and the Stock Market.
414 Following 17.4K Followers
Ed Yardeni: "A more likely explanation for the global bond market rout is that the yen-carry trade is unwinding as the Bank of Japan raises its policy rate, forcing carry traders to sell government bonds they bought worldwide with proceeds from cheap yen loans. This trade allowed many governments run budget deficits without putting upward pressure on their bond yields. Now, the chickens have come home to roost."
Show more
