Surveillance: BOJ Surprise with Lyngen
Bloomberg Surveillance
00:00
Are We Going Back 10 Years?
The attractiveness of the JGB market relative to treasuries on a hedge basis is still quite impressive. Japanese investors have been encouraged to sort of stay at home relatively speaking, which is one of the reasons why you could argue that BOG can have a fairly orderly exit. We don't necessarily think that this is a huge story for the Treasury market where we are expecting to see a lot of flows in Europe. That's where you're going to get that repatriation trade from the Kerry trade.
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