Incremental Thoughts on the “Reach for Yield” Trade

2013-05-15 · by Brandon J. Ferro · in Bonds, FX, JPY, Ratios, Spread Trade, Technical Analysis

This is an update to our post last week discussing the potential risks associated with the global investment community’s “reach for yield” if/when risk-free rates began to rise. In the first chart below I plot the ratio of the Yen…

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