We have to now really consider the changing landscape
I've spoken a bit about the recent yen strength, but the story behind some of these moves are in bond yields.
Heck, Japanese bond yields jump to six-month highs on BoJ policy talk, while the yield on Europe's benchmark bond, the German 10-year Bund, also hit their own monthly highs.
Don't leave out the US 10 year T-note, another that hit monthly highs.
Up up... and away?
Saying that markets have to now think about the shift from global quantitative easing to global quantitative tightening, really resonates with me.
It's a real macro issue that traders have to at least consider.
