ETF Prospects Improving (And Not Just for Bitcoin)
Aug 4, 2023
• 5
Min Read
Yield Curve Steepens
Over the past week, a flurry of news has led to a significant steepening in the yield curve. The key events:
Last Friday, the Bank of Japan (BOJ) signaled a more lenient approach to their Yield Curve Control (YCC) policy. While their target 10-year rate remains at 50 basis points (bps), they are now willing to let it drift as high as 1%. This announcement sparked fears that it could trigger a wholesale 50 bps increase in global 10-year rates. Additionally, the BOJ's decision means there will be more supply of Japanese Government Bonds (JGBs) in the market, as they ...Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 0/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.
Get unlimited access to Tom Lee's Fundstrat research
Subscribe
Already a member?
Log in