Now an annual ritual, one or more hedge funds place and lose a well-publicized bet on the...

|By:, SA News Editor

Now an annual ritual, one or more hedge funds place and lose a well-publicized bet on the collapse of JGBs and/or the yen. Maybe Cullen Roche has a point describing government bond issuance in countries that print their own currency as little more than a conduit for monetary policy.