Institutional Investor (September 19)
“A sense of dissonance” is overcoming global markets, according to the Bank for International Settlements. “Falling bond yields are normally associated with subdued growth…yet stock markets around the world have rallied even as corporate profitability has lagged.” Furthermore, the ten-year yield on many major sovereigns is “running well below the nominal rate of growth in gross domestic product, breaking a 65-year pattern in which the two have tracked each other closely.”
Tags: Bank for International Settlements, Bond yields, Dissonance, GDP, Global markets, Growth, Profitability, Sovereigns, Stock markets
Bloomberg (March 25)
There are lots of questions for the Bank of Japan about its negative rate strategy, which “has caused bond yields to fall below zero, money market funds to stop accepting money, and lawmakers to summon Bank of Japan Governor Haruhiko Kuroda to parliament a record number of times to explain it.”
Tags: BOJ, Bond yields, Kuroda, Lawmakers, MMF, Negative rates, Parliament, Strategy
