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.

___________

To read more of this exclusive content, please log in below. If you have an account but have not purchased access or signed up for a free trial, click here.