M&A Deals Down, Fed to Cut in December, Nomura's Wilcox Says

What's interesting is you have a market in the US that is looking for the Fed to cut rates as early as September, maybe December. But you have also at the same time Japanese yields moving much higher. This has been a generational trade that has been unwinding.What are the implications of it. There are a lot of questions about the market in Japan and whether this will redirect capital flows. What are your clients saying.Well, I think, first of all, the clients are relieved that there's some resolution. So wh ...