BREAKING 馃毃: Japan
Japan's 10-Year Yield hits 3% for the first time since 1996 馃く 馃憖 Uh Oh
- BREAKING 馃毃: Japan Japan's 10-Year Yield hits 3% for the first time since 1996 馃く 馃憖 Uh Oh
Japan owns $1.1 TRILLION of U.S. Treasuries. For 30 years, cheap Japanese money went looking for yield somewhere else. Now it can get 3% at home. That means less reason to own foreign duration, more pressure on global yields and if the BOJ keeps hiking a yen that can finally
Double whammyYou can save the currency or the bond market, but not both. Seeing this play out in real time right now in Japan.
