Not sure if anyone noticed but Japan is currently imploding and everyone is running to hard assets.

by


For the second day in a row, there have been no buyers literally no bids for Japan’s 30-year and 40-year government bonds. Yields on both have exploded higher, with the 40-year jumping past 3.63%, and the 30-year hitting 3.16%. These are massive, sudden moves that point to one thing: something is breaking beneath the surface.

The Bank of Japan has spent years trying to suppress volatility in its bond market using a policy known as yield curve control essentially capping interest rates on shorter-term bonds. But that approach has created severe distortions. It worked for a while, but now the longer-term part of the bond market where investors are most sensitive to risk and inflation is breaking away from that control. And for now, the BOJ appears to be sitting on its hands.





This is happening elsewhere too:

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.