Hedge fund BlueBay Asset Management is betting against a Bank of Japan (BoJ) bond yield policy CIO Mark Dowding regards as ‘untenable’, according to a report by Bloomberg.
The BoJ’s so called yield curve control – an attempt to limit bond yields – seems increasingly out of step with the approach of other central banks to soaring inflation rates.
The report quotes Dowding as revealing that BlueBay, which manages around $127 million, has a ‘sizeable short’ on Japanese government bonds.
