海外研报

Macro Strategy

As we go to press this morning, the Bank of Japan have taken another step tonormalise their ultra-loose monetary policy, hiking their policy rate up to 0.25%having been in a 0-0.1% range before. In addition, they've announced plans tocurb their purchases

What happened to the term premium?

The term premium is one of the most important parameters for investment andfunding decisions, but nobody knows its size. Our revised approach reduces