It's called the widow-maker trade for the generation of hot-shot macro traders who've shorted...

|By:, SA News Editor

It's called the widow-maker trade for the generation of hot-shot macro traders who've shorted Japanese bonds - yielding less than 3%, then less than 2%, then less than 1% - only to be carried out on a stretcher. But the election of inflationist Shinzo Abe has something stirring. JGB yields are up sharply (relatively speaking) in the last 2 weeks, the 10-year rising 7 bps to 0.77%.