LONDON, June 13 (Reuters) – Just as a month-long stock
market rout seems to have further trashed the concept of a
“Great Rotation” from bonds into equities, evidence is emerging
that institutional investors may have already begun such a
A strategic re-allocation back to higher-return stocks from
safe-haven but low-yielding bonds has been touted as one of the
biggest investment themes of 2013.
“Each 1% on the real 10-year bond yields increases the amount of fiscal tightening required to stabilise gov debt to GDP by 1% of GDP.”- CS
Tokyo stocks are down 18% from the May high. Do you still call it “healthy correction” or the start of something nasty?
Recent wild swings in Japan’s financial markets — stocks, bonds and the yen — make Japan look almost like an emerging country.
Back in the 19th century, Japan was an emerging country, with its feudal society based largely on farming.