BlueBay Refuses to Back Down on Japan Bond Short as Yields Fall
- Asset manager reaffirms commitment to short JGB bets
- Sees potential pivot from Bank of Japan in September
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BlueBay Asset Management is committed to its bet against Japanese bonds despite a global debt rally that has led to a sharp retreat in yields.
“We have been looking for the Bank of Japan to signal a policy shift in September as inflation continues to rise with the yen trending weaker as policies diverge,” said Mark Dowding, London-based chief investment officer of the $112 billion fund. “This continues to be the case.”