Surveillance: BOJ Surprise with Lyngen
Bloomberg Surveillance
00:00
What Does This Mean for Global Bonds?
Adam Sobel: We've already sold off global bonds massively without the Japanese markets really being vast involved. What we've seen really this year is the marginal flows on Japan have obviously been zero, actually negative. He says that's partly because as the bond market has sold off globally with ECB and Fed raising rates relatively aggressively, it's not attractive for them to be overseas. Sobel: My guess is that the impact basically is going to be somewhat much more muted now.
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