Do You Remember the Wife-Make Trade?

Sally Kohn: The widow-make or trade that everybody was like shorting JGBs never made any money. But what I think is interesting now is there's a lot of people that say, you know, with their yield curve control and wanting to stick it at 25 bips, the pressure might break through here. She asks if this boils down to whether investors have too much scar tissue in bull market versus bear market where they should be trying to put pressure on JGBs.Kohn: To me, interest rates are policy variable. It's not really market determined per se. And we could see it even though they want to peg it to 25 bip, it