3.69%

Japan’s 40 year at 3.69% threatens $20 trillion carry positions and $50 trillion in linked leverage

“THE YEN CARRY SINGULARITY Japan’s 40-year bond just hit 3.69%. The highest since 2007. This is not a number. This is a detonator. Behind that yield sits $20 trillion in carry trade exposure. Borrowed yen funding everything from Treasuries to tech stocks to Bitcoin. For decades, this trade printed money. Now Japan’s bond market is …

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Bidenomics Breakfast! Orange Juice Prices UP 47% Under Biden (Even Though Food CPI Has Slowed To 3.69% YoY)

by confoundedinterest17 Even eating breakfast under Bidenomics is more expensive. Particularly if you like orange juice like I do. To save money, I am probably going to have to switch to nasty-tasting Tang. Food CPI is up 3.69% year-over-year. The rate of growth in food prices is slowing. But do I trust BLS data on …

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