The JGB Sell-Off is Risk-OnJGBs. The 2s10s curve is flat. The market is selling the long end. Where is that money going to go? The precedent is flow into EM bonds, and they are priced right.
JGBs. The 2s10s curve is flat. The market is selling the long end. Where is that money going to go? The precedent is flow into EM bonds, and they are priced right.