A Deep Dive Into Bonds and the Global Yield Grab

The transcript discusses global bond market trends, focusing on interest rates in Japan and Europe, and the potential for a shift towards zero rates. It explores hedging strategies and currency risks, particularly for Japanese investors. The relationship between equity markets and bond yields is examined, highlighting the need for low yields to sustain equity returns. The dynamics of the credit market are analyzed, with a focus on investment grade and high yield bonds. Finally, the transcript covers investment strategies and risks, emphasizing the importance of cautious investment in the bond market.

What role do credit cycles play in the overall economic landscape?

How might upcoming policy changes impact the credit cycle and lending practices?

In what ways have regulatory requirements influenced the bond market participation of institutions?