The Brief: Carry Trade Woes
Any narrowing of spread between dollar and yen rates can again create havoc in global equities.
bank of japan
September 2024
August 2024
December 2021
July 2020
December 2019
Did BoJ just do a Pearl Harbor on Wall Street?
A strong yen and Japan’s rate hike could impact foreign banks $0.83 trillion (yen 123 trillion) borrowings. The severity, though, will depend on the quantum of unhedged positions.
Fed taper: Why are bond yields moving down?
Any hint of monetary tightening translates into rising bond yields but the counterintuitive move of both 10-year and 2-year yields has left market confused.
Is the central bank the only game in town in a crisis?
Some people believe that central banks are the answer to all of our economic problems. But is that really the case?
Markets 2019: The highs and lows
Here’s how the key indices moved in a year marred by a slowing economy, rising crude oil prices, and trade tensions between the U.S.and China. But FPI flows were a bright spot.
