Rosenberg Daily: Short JGBs?

The instability of sovereign debt globally is also underscored by articles like this that popped on page A13 of today’s WSJ: IMF Warns Japan on Threat of Debt. We have tended to dismiss the calls for shorting the JGB market but at this stage it may not be a bad idea, with a 1% yield in a market that is about to get downgraded yet again.