Japanese Bond Markets: Strathclyde Associates

Japanese Bond Markets: Strathclyde Associates “Strathclyde Associates”: Bond Markets - The Japanese bond market has remained unchanged over the past month. Government bond markets have had a very traumatic month. The major markets have held fairly steady;... More

Japanese Bond Markets: Strathclyde Associates “Strathclyde Associates”: Bond Markets - The Japanese bond market has remained unchanged over the past month. Government bond markets have had a very traumatic month. The major markets have held fairly steady; but there have been dramatic falls in some of the minor markets, especially in Europe, after the decision by Standard and Poor’s to downgrade the level of Greek government debt to “junk” status. The central banks are maintaining short-term interest rates at very low levels, and so the bond markets are continuing to receive some support. But this is being totally offset by the consequences of the massive fiscal deficits around the world that are placing enormous pressures on the bond markets. The Greek situation remains in the eye of the storm, and has led to the decision to downgrade its debt to “junk” status despite a formal request for aid from the IMF and other member countries of the euro-zone to enable it to refinance its ma Less