Jack Farley
@JackFarley96
Co-founder of Monetary Matters Network:
Joined February 2019
6K Following 90.3K Followers
Makes sense to me
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."
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