The market has to blow up eventually, right? Except it never does.
Bass has been vocal about his call since 2010. Now, against the backdrop of the monetary policy revolution at the Bank of Japan, which just announced a massive bond buying program, the "widowmaker" trade is back in the spotlight.
Bloomberg TV anchors Erik Schatzker and Stephanie Ruhle pressed Bass to put a timeframe on his call. When exactly does he think the Japanese government bond market is going to blow up?
Bass replied that he wasn't naïve enough to think he could guess when it would happen – but he said that on Friday, we saw the first signs that such an event could be coming.