JIM GRIFFIN ON THE "OPERATIONALLY RELEVANT YIELD CURVE"
. Jim Griffin. "Bank of Japan Stings Like A Butterfly", ING Investment Weekly

ING's Jim Griffin waxes lyrical over the irrelevance of the US credit market yield curve, and tells investors to focus on Japan instead:

So we follow the Fed obsessively, even though it has a recent record of not being able to move markets, while we blow off BoJ, which is where the operationally relevant global yield curve is anchored.