Higher JGB yields make borrowing in yen more expensive and volatile. Global macro funds that borrow yen or use yen swaps to finance higher-yielding U.S. and European assets are being forced to cut …
The Japan News
Higher JGB yields make borrowing in yen more expensive and volatile. Global macro funds that borrow yen or use yen swaps to finance higher-yielding U.S. and European assets are being forced to cut …