Last Friday we saw Moodys downgrade US debt from Aaa to Aa1, and yesterday a weak auction in 20 year Japanese government bonds sent their yields spiking by 15 bp to the highest level since 2000.
Long end yields spiking like this should trigger a mild correction. Previous corrections due to higher yields have been shallow in the past so at some point it will be an opportunity to buy the dip.
Would like to get a view on what does this mean for risk assets
Long end yields spiking like this should trigger a mild correction. Previous corrections due to higher yields have been shallow in the past so at some point it will be an opportunity to buy the dip.