Japan's 10-year government bond yield (JP10Y) touched 2.945%, its highest level since September 1996. The yen has since slipped back toward 159 per dollar, undoing almost half of this month's rescue rally.
Bitcoin (BTC) has ignored all of it. The pioneer crypto is up 22% in seven days. That gap between ***** an's stress and crypto's calm is the real story.
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Data puts the peak at 2.945%, a level last seen in September 1996. ***** an's 30-year yield hit 4.115% the same morning.
"Japan's bond market is flashing another major warning...10-year government bond yield has surged above 2.95% for the first time since 1996...At the same time, the Yen has given back much of its recent intervention-driven gains, adding another potential source of pressure on Treasuries," ***** ysts at the Global Markets Investor noted.
#since #back #same
Bitcoin (BTC) has ignored all of it. The pioneer crypto is up 22% in seven days. That gap between ***** an's stress and crypto's calm is the real story.
Follow us on X to get the latest news as it happens
Data puts the peak at 2.945%, a level last seen in September 1996. ***** an's 30-year yield hit 4.115% the same morning.
"Japan's bond market is flashing another major warning...10-year government bond yield has surged above 2.95% for the first time since 1996...At the same time, the Yen has given back much of its recent intervention-driven gains, adding another potential source of pressure on Treasuries," ***** ysts at the Global Markets Investor noted.
#since #back #same
8 hours ago
