Bond Traders Who Faced Irrelevance Make a Comeback in Japan
- Volatility index for Japanese government bonds surges
- Bank of Japan policy under scrutiny as global rates climb
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Things are looking up for long-suffering traders of Japanese government bonds.
After years of subdued price swings caused by central bank intervention, a key gauge of volatility in the 1 quadrillion yen ($7.4 trillion) market has surged in recent weeks to the highest level since 2008. That’s boosting demand for JGB traders, with Nomura Holdings Inc. noting signs of intensifying competition for talent.