Rising JGB yields will not stay in Japan, they pull global rates higher and pressure debt-laden governments everywhere. This is the canary in the coal mine for the era of free money.
Japanese yields look set to rocket.
Consequence of not raising rates.
Wont be long. pic.twitter.com/oiY8zuXWjO
— The Great Martis (@great_martis) September 8, 2025
It's a brave new world for Japan. The Bank of Japan's holdings of government bonds are shrinking on a net basis (blue). The BoJ is still a gross buyer – without this Japanese yields would explode MUCH higher – but this gives you an idea why long-term JGB yields are up so much… pic.twitter.com/jvj1LWI1nx
— Robin Brooks (@robin_j_brooks) September 7, 2025
⚠️The most IMPORTANT chart in the investing world currently:
Japan's 30-year bond yield hit an all-time high.
Rising Japanese bond yields will eventually spread into other markets including US Treasuries.
If the rise accelerates, it could trigger a US equities sell-off. pic.twitter.com/zpsOnLD8mq
— Global Markets Investor (@GlobalMktObserv) August 26, 2025