Jupiter’s Nash Bets Long Bonds Will Defy Sovereign Debt Fears - Bloomberg.com
Jupiter’s Nash Bets Long Bonds Will Defy Sovereign Debt Fears - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Nash is betting that sovereign debt fears are priced theatre — that governments facing energy shocks and structural deficits will suppress yields rather than let bond markets price the risk honestly. He may be right about central bank behaviour. He is certainly wrong about the underlying credit.