The world’s most indebted country just triggered the yield jump that could unwind decades of borrowed yen and slam stocks, currencies, and credit markets
“THE GLOBAL FINANCIAL SYSTEM JUST BROKE IN TOKYO Japan’s 30-year bond yield hit 3.41% today. That number means nothing to you. Here’s why it should terrify you. Japan owes 230% of everything it produces. It’s the most indebted nation in …