All Boxed Out

Special Report: Interest rates

asiarisk-jul08-16-gif

Relative-value fixed-income hedge funds, bank proprietary trading desks, local securities dealers and other large Japanese government bond (JGB) underwriters suffered billions of dollars - perhaps tens of billions of dollars - of mark-to-market and real losses in March, as turbulence struck the country's once-well-behaved interest rates market.

Seven-year JGB futures - the most liquid government-linked debt instruments in the country and consequently the cheapest to deliver - saw yields move 7 ba

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: