MI2 Chart Point: Watching JGBs

If the stock market’s price action is any indication, the collapse of Liz Truss’s irresponsible fiscal splurge marks the end of the global bond market’s threat to equities. Add in talk of the BoE ending QT or US Treasury YCC (see below), and it is hardly surprising that we are off to the races. Unfortunately, we can’t help thinking it’s premature to blow all clear on global yields.


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