Bloomberg (April 26)
2016/ 04/ 27 by jd in Global News
“With the BoJ dabbling in negative interest rates, JGB yields have gotten compressed to a maximum of 0.4 percent, and that’s at a maturity of 40 years. It’s as though Japanese financial institutions are sitting on a tightly wound spring. Even a small increase in the yield — a little uncoiling — could send the whole edifice flying, a risk Janus Capital’s Bill Gross cites as an example of ‘global monetary lunacy.’”
Tags: Bill Gross, BOJ, Financial institutions, Japan, JGB, Lunacy, Maturity, Monetary, Negative interest rates, Yields