Time to sell JCBs

Although off their highs set in early summer, Japanese government bonds are still sharply higher than at the start of the year. However, despite many fundamental factors that should be working in their favour, it seems that many international funds are now moving out of JGB's into Japanese equities.


Since the Bank of Japan (BOJ) announced further monetary easing in mid-August, JGBs have seen their yields rise. This was despite the 'bond positive' step taken by the BOJ in announcing increased Rinb

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