Kyle Bass on CNBC

Kyle Bass was on CNBC today dropping some knowledge on his Japan trade.  He goes on to state that the  Bank of Japan has JPY10 trillion cushion (after the JPY60 trillion deficit) to soak up this 'rational investor paradox' selling and this is dwarfed by the holdings of JGBs in the largest Japanese banks (who are now starting to rotate away from JGBs into foreign bonds). Bass goes on to say that he thinks they are going to have make the plan even bigger if they are to successfully contain rates.  Pretty interesting stuff and frankly on helps play into his ultimate thesis.

Enjoy.