Long beset by tepid market activity, the prospect of policy normalization could spur Japanese Government Bonds (JGBs) and their derivatives, creating exciting opportunities for investors. Japan’s yield curve has remained relatively stable over the past decade—a result of the Bank of Japan’s (BOJ) efforts to stimulate the economy through a combination of quantitative and qualitative easing (QQE) and yield curve controls (YCC). In turn, domestic and foreign investors found little incentive to trade in one of the world’s largest and most liquid bond markets. Read More