Skip to content

The Weekly Fix: Taper Kicks Off, Junk Flouts the Credit Cycle

A model?
A model?Photographer: Bloomberg/Bloomberg

Welcome to The Weekly Fix, the newsletter that has its roots in Canada and so will apologize in advance for any offense potentially caused in the following. -- Emily Barrett, Asia cross asset editor/reporter

The dreaded taper is here... in Canada. Governor Tiff Macklem officially broke it to the market this week that the central bank is slowing the pace of its bond purchases. Which investors are being very cool about. No tantrums to discuss here -- global bond yields barely fluttered, since there's no real risk of that sort of thing catching on in the developed world's largest markets*. The European Central Bank just said it's not even on their minds.