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Type: Financial research report
File Size: 1.73 MB
Summary

This document is page 19 of a 'Global Equity Volatility Insights' report produced by Bank of America Merrill Lynch on June 20, 2017. It provides technical market analysis on Asian indices (HSCEI, NKY, Nikkei, Topix), discussing volatility strategies, the impact of the Bank of Japan's yield curve control, and specific hedging recommendations. The document bears the Bates stamp 'HOUSE_OVERSIGHT_014990', indicating it was obtained during a Congressional investigation, likely related to financial records.

Timeline (1 events)

2016-09
BoJ's commitment to maintain the 10-year JGB yield at around 0%
Japan
Bank of Japan

Locations (1)

Location Context

Key Quotes (3)

"Calendar puts are attractively priced given the steep term structure"
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Quote #1
"As our strategists think the Fed now appears concerned about surging asset prices, investors should consider downside hedges."
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Quote #2
"The BoJ's ongoing yield curve control has capped the Nikkei/Topix ratio and its volatility"
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Quote #3

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