Behind the Markets Podcast: David Zervos
Behind the Markets Podcast
00:00
The Fed's Unwinding of Yield Curve Control
Japan has widened the band they're probably quite happy that the most recent inflation data is you know heading back in the direction that they want. They could raise the band once every quarter to six months let the market find an equilibrium where it seems like those buyers of 10-year JGBs up at the 1 percent region maybe it's a one and a half percent. I think this is more about managing sort of uh mark-to-market risks in the financial system and sort of you know financial stability so I think they just want to keep it slow and steady and I think they will, but we're a long way off from rate rises.
Transcript
Play full episode
