-- Japanese bonds suffered the heaviest selling by foreign investors in more than a year last week, as the country’s central bank raised its short-term policy rate for the first time in 17 years.Using Your Premium Credit Card May Cost More After Visa-Mastercard Deal
“It was during central bank week and for foreign investors it looks like they saw it was a good timing to sell long-end bonds,” said Shoki Omori, chief desk strategist at Mizuho Securities Co. “It also looks like it has been a good profit-taking timing for both bonds and equities.”In 2001, Warren Buffett came up with what he called, “probably the best single measure of where valuations stand at any given moment.
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