The global bond market is analyzed, focusing on central bank decisions in the U.S. and Sweden, and the surprising lack of market reaction. The conversation explores the rising prices of gold and silver amid a weakening dollar, speculating on potential buyers like China and India. A key concern is Japan's bond market, where long-term rates have surged to levels unseen since the 1990s due to high public debt, inflation, and expansive fiscal policies. Despite global debt issuance, the speakers express confidence in the availability of funds from households, corporations, and pension funds, particularly highlighting the attractiveness of Danish mortgage bonds due to their stability and high coupons. Looking ahead, the podcast notes upcoming interest rate decisions from the ECB and the Bank of England, and the critical U.S. jobs report, while also considering its data quality.
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