Posts Tagged ‘Kazuo Ueda’

Notes From Underground: Why Ueda Needs To Raise Rates Or Expand Yield Curve Control

April 24, 2023

I have a hypothesis of major significance:

As the markets have seesawed for the past six weeks one asset has been consistent: the EUR/YEN cross. The SVB fallout coupled with concern about savings fleeing from other regional and community banks has subsided, allowing for the global equity markets to slough off concerns over undue leveraged risks causing further pain for investors. The Credit Suisse writedown on AT1 bonds — contingent convertibles or COCOS — has dissipated sending the EURO and SWISS currencies to recent highs against the DOLLAR, and, more importantly, versus the YEN.

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