Epic move in JPY rates to start the week. Ultra long fwds (20y10y here) exploding in the bear steepening move.. up 25bps this mng, and 50bps in July. How long till the BoJ realise they will need to hike to help address this disease in the long end? pic.twitter.com/50ohF1P2tX
— Jeremy (@JeremyWS) July 14, 2025