Mind the Gap! GPIF Goes Basis Hunting
On October 1, the GPIF released a comment about a change in Investment Policy for FY19 (this year to 31-Mar-2020). It only came out in Japanese. It...
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This Week in Macro: NFP, BOJ, EZ GDP - Short UST/JGB, Long Argie/Turkey, US Midterm Tail Risk Trades
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Initiate strategic short 10yr USTs and JGBs...
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Abe's Reelection Is No Sure Thing
An election to decide the leadership of Japan’s ruling Liberal Democratic Party (LDP) will be held in late September. Should Shinzo Abe lose he...
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A Wake-Up Call for Japanese Policymakers.
After 2 years of consistent growth, the Japanese economy contracted in the 2018 January-March quarter. While it is a disappointing result, we think...
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Global Bond Yields Set to Rise Further
We see higher US and global yields developing. Global equity market confidence may be returning, supported by conciliatory moves on US trade...
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