And they have bet in defiance of BOJ rhetoric, a trade nicknamed the "widowmaker" for its propensity to fail. Wagers have centred around short selling the 10-year bonds that the central bank has kept artificially pricey by capping yields. With the BOJ spending a staggering $1 trillion defendi...
Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake, raising year-end targets for the S&P 500 Index. Take Societe Generale’s Manish Kabra, who boosted his year-end target last week on the index to 4,750 from 4,300...