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Daiwa's View
26 October 2023
454 KB
PDF
Issues related to Fed insolvency
No operational problems
But, insolvency associated with worsening US finances could cause problems
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Daiwa's View
24 October 2023
438 KB
PDF
Will price movements start to factor in US economic slowdown?
Financial Conditions Index implies substantial slowdown in 2H
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Daiwa's View
23 October 2023
709 KB
PDF
Two interpretations of USD/JPY detachment from US/Japan yield gap
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Daiwa's View
6 October 2023
499 KB
PDF
USD/JPY hedging costs have finally reached 6%
USD/JPY basis has started worsening
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Daiwa's View
6 October 2023
489 KB
PDF
Current position in this 10yr UST yield cycle largely coming into view
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Daiwa's View
5 October 2023
389 KB
PDF
Understanding of joint bond system may encourage joint green bond investment
Joint municipal green bond issuance planned for FY23
Basic structure same as joint bonds, except for “green” aspect
Plans for 42 organizations to participate in joint green bond initiative with total issuance of about Y100bn in FY23; 10-year maturity (same as joint bonds)
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Daiwa's View
5 October 2023
226 KB
PDF
Currency intervention was not implemented
There was probably no “rate check” either
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Daiwa's View
5 October 2023
331 KB
PDF
How new economic measures may impact JGB issuance
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