The Decline & Fall Of The Biggest Bond Market In The World Has Only One Inevitable Ending

Jon Alternative Media, Blogosphere, Economy, Government

Government bonds are themselves becoming more illiquid, most particularly, as CLSA’s Chris Wood notes, in a country like Japan where the Bank of Japan has been buying more than the net issuance. Monthly trading of JGBs by lenders and insurers has collapsed from a peak of 123tn in April 2012 to a record low of 15tn in May 2016.

This post was published at Zero Hedge on Jul 8, 2016.