JGB REDUX AND THE INEVITABILITY OF SILVER

SHORT JGB NOW THAT JAPANESE WAGES ARE GOING UP

Mar 18, 2024

∙ Paid

Japan’s largest union federation- Rengo- has secured wage increases in 2024 averaging 5.28%. This increases the likelihood that the Japanese Central Bank will give up at last its effort to prevent a major rise in interest rates. This strengthens our recommendation to short the Japanese 10-year bond future (JGB).

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