HALISTER1: Deutsche Asset Says Using JPY to Buy USD a ‘Good’ Carry Trade

Deutsche Asset Says Using JPY to Buy USD a ‘Good’ Carry Trade

(Bloomberg) -- U.S. 10-year yield will likely be at 2.5% by end-2017, while similar Japanese yield will be at zero, says Sean Taylor, chief investment officer for the Asia-Pacific region at Deutsche Asset Management.
  • Sees JPY weaker at 115/USD by end-2017 vs 114.24 now
  • Firm recommends being long Italian bonds vs Spanish bonds
  • Italian bond spreads have widened because of political situation, Taylor says at briefing in Singapore
  • Says Deutsche Asset sees ‘No’ vote winning in Sunday’s Italian referendum but PM Matteo Renzi will stay in power
  • READ: Renzi’s Options for Italy Lead Through Presidential Palace
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Source: BFW (Bloomberg First Word)

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Sean Taylor (Deutsche Bank AG)

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