By Elliott Wave International
Saber-tooth tiger. Woolly mammoth. Japanese government issued bonds?
Well it's happened. After years of enduring an unrelenting bear market (marked by plunging yields and rising prices) -- the long-battered Japanese government bond has made it on to the endangered financial species list.
Asks one October 26 Reuters: "JGB's on the edge of extinction?"
The prognosis isn't looking good. In late October, the yield on the 10-year JGB plunged below .300% for the first time in six months. While everyone from Japanese retailers to foreign investors continue to abandon the JGB for other higher-yielding assets.
Which begs the question, why is Japan's bond market facing annihilation? Continue reading "Japanese Bonds: Yield of Dreams?"