When Japan’s 40-year yield spikes…
It’s not just a Japan problem.
It’s a global leverage problem ticking louder.— FromRedToRiches (@FromRedToRiches) May 20, 2025
Japan’s 10 year yield the past month💀☠️:
I mean this is so far below where their 40 year bond is trading which trades at 3.5% plus.
Inflation is way higher than 1.52%
My thesis is the debt downgrade from Moody’s forces the bond markets to take down the weaker hands first pic.twitter.com/g0UXW3mXdC
— QE Infinity (@StealthQE4) May 20, 2025
the good news: the BOJ owns 52% of the entire JGB bond market
the bad news: everyone else is out https://t.co/AGFE9OBwah pic.twitter.com/niWIYmNN2v— zerohedge (@zerohedge) May 20, 2025
Everyone was obsessing so much over Treasuries, they forgot the real bond shitshow is in Japan where the wheels are about to fall off (and the countdown to YCC is back on)
*JAPAN 20-YEAR BOND SALE DRAWS WEAKEST DEMAND RATIO SINCE 2012 https://t.co/VHwGFwPgLH
— zerohedge (@zerohedge) May 20, 2025