confoundedinterest17

My Kuroda! Bank Of Japan’s Yield Curve Management Killing Japan’s Pension Fund

My Kuroda! Haruhiko Kuroda, the Governor of the Bank of Japan (BOJ), is realizing that his “loose” or “zero interest rate” monetary policies are hurting Japan’s pension fund. Just like The Federal Reserves’ low interest rate policies have done the same to US pension funds. (Bloomberg) — The world’s largest pension fund is the latest in … Continue reading My Kuroda! Bank Of Japan’s Yield Curve Management Killing Japan’s Pension Fund

The “No-Surprise” Fed Announcement: One More Rate Hike in 2018

There was a 100% probability of a rate hike for today’s meeting. And yet when the Fed Funds Target Rate was raised to 2.25%, … the S&P500 index rose immediately, then shriveled like a month-old taco. The 10 year Treasury yield dropped after briefly rising. And the US Treasury 10Y-2Y slope flattended after the meeting. … Continue reading The “No-Surprise” Fed Announcement: One More Rate Hike in 2018 According To Fed’s DOTS PLOTS, 10Y-2Y Slope Flattens