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Sometimes when you bet, you lose. And it’s better to cash out when you do.
eyup “Offloading the bonds was the only way for Japan to reduce their losses on the interest rate cut bets.” “Japan is under tremendous pressure as the yen has fallen to a 34-year low against the U.S. dollar.”
Question: is everyone dumping US bonds? How are yields still dropping? How much has the Federal Reserve taken on to compensate?
It’s because people are expecting US to start cutting rates at some point like the other countries have been, and since the rates are currently high it makes the dollar relatively stronger.
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