Loading ...Re Bonds there is also talk that BoJ is gonna slow it’s purchases outright of ALL bonds.
The thing about the Bond mkt is that it is way bigger than the SM, but the real kicker is that once it turns, very quickly no-one is making money, other than by running to maturity and coupon cliping…but at negative/near negative rates u don’t even have that incentive, so panic sets in real fast plus there are no buyers and panic becomes terror even faster.
The scum have to hold this thing, because whatever the news, China trade wars, BoJ normalisation etc…once it goes the news won’t matter for quite a while, as everyone pukes.
https://www.zerohedge.com/news/2018-01-10/bill-blain-moment-weve-been-waiting