Recent Posts

Why Japanese investors should say oui again

Japanese investors had a torrid time in the lead up to the French elections, offloading about 3 trillion yen ($26.5 billion) of French government bonds. But with net buying of the overseas notes in seven of the past eight weeks, according to Japan Ministry of Finance data, could they be returning? The recent jump in 10-year European bond yields provides ...

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The dangerous simplicity of Trump

President Donald Trump has always had a weakness for simple and fantastical fixes. Illegal immigration? Build a wall. Jobs moving overseas? Tax imports. Unemployment in Appalachia? Dig more coal. Rising medical costs? Repeal Obamacare. Trump’s gift for simple slogans served him well as a candidate. As president, however, it is failing him and endangering the country. When the Supreme Court ...

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China bond connect has potential to shift PBOC policy

China’s President Xi Jinping’s visit to Hong Kong coincided with the official start of the China Bond Connect program with Hong Kong that gives offshore investors another way to access the mainland’s $10 trillion debt market. Although the link between China’s mainland and offshore bond markets may look ceremonial, for the People’s Bank of China it could help set the ...

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