🇯🇵 Japan's 40-year bond yield is on the move again.
Someone get the Bank of Japan on the phone. pic.twitter.com/mkrag1Z9sc
— Jesse Cohen (@JesseCohenInv) May 28, 2025
Bloomberg: “Japan’s auction of 40-year bonds Wednesday met demand that was the weakest since July, an outcome that risks fueling further volatility in global debt markets”
Listen to Spaces @leadlagreport@FrankieJ_Crypto on JGB market impact-
because this is just embarrassing👇 https://t.co/vWC7sPyqQ9 pic.twitter.com/7F1A1lF7xz
— Weston Nakamura (@acrossthespread) May 28, 2025
This headline and the words within the article sound eerie familiar to one article I came across about 24h ago 🤔 https://t.co/KPsZMqchJr pic.twitter.com/h3m3ZquEea
— JustDario 🏊♂️ (@DarioCpx) May 28, 2025
🇯🇵 Japan Just Became the World’s New Safe Haven | But Not for the Reason You Think
Last month, Japan recorded a record ¥8 trillion in portfolio inflows into its bonds and equities. At first glance, it looked like a foreign capital surge into Japanese assets. That’s how I… https://t.co/pIhNpDe3oW pic.twitter.com/YrUcuvzkAf
— EndGame Macro (@onechancefreedm) May 28, 2025
Boom https://t.co/QjsmKaUgf1 pic.twitter.com/Q7lS42IesI
— JustDario 🏊♂️ (@DarioCpx) May 28, 2025
The lackluster Japanese 20-year Bond auction last week had a ratio of 2.5, meaning they got 2.5x more bids than what they asked for and accepted: https://www.mof.go.jp/english/policy/jgbs/auction/calendar/eresul/eresul20250520.htm
Because of the timezone, Wednesday’s 40-year Bond auction just happened, and the ratio is coming in around 2.2. They were hoping to get closer to the average ratio of 3. Also, for the first time in forever, Japan had to directly accept a yield higher than 3% on its debt: https://www.mof.go.jp/english/policy/jgbs/auction/calendar/eresul/eresul20250528.htm
🇯🇵 *JAPAN 40-YR BOND SALE HAS WEAKEST DEMAND RATIO SINCE JULY 2024
Someone call a timeout. This is like watching a train wreck in slow motion. pic.twitter.com/DO23jYX0Q2
— Jesse Cohen (@JesseCohenInv) May 28, 2025