What’s driving all that volatility in cross-currency basis markets?: The MUFG Global Markets Podcast

Yields of G10 sovereign bonds, especially U.S. Treasury and JGB yields, declined in early November, following the policy meetings by the FOMC, the Reserve Bank of Australia, and the Bank of England. And the rally in spot Dollar/Yen has stalled coincidently with the Yen rallying against other currencies. Yen basis has been particularly volatile but has come off the wides.  

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido summarizes TDB and JGB issuance prospects for November, JPY basis moves, and Japanese pensions investment results. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

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