Bond Vigilantes And The BOJ Are Breaking Japan’s Bond Market
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“Finally, precise change to the yield differential is needed for a sustainable correction in dollar/yen, and that might come from altering market views about BOJ, the (Federal Reserve) or recession probability.” ($1 = 134.3000 yen) (Reporting by Tom Westbrook in Singapore and ソフト闇金 優良 Alun John in Hong Kong; Editing by Robert Birsel)
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If you have been stashing money at massive banks that have been paying next to nothing in interest for savings accounts, don’t count on that to vary just because the Fed is raising rates, McBride stated. That’s because the large banks are swimming in deposits and do not need to worry about attracting new prospects.
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