Surveillance: BOJ Surprise with Lyngen
Bloomberg Surveillance
00:00
What's the Constraint?
Central banks around the world have gotten involved and way beyond sort of their remit, I believe. The one thing that's kept this whole ball of wax going is that they've been issuing debt at really low sub-market rates. If the 10-year-year-neal goes to from 0.1% or 2%, all of a sudden the debt burden jumps.
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Transcript
