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10 year jgb yield:
japan's10 year government bond yield is breaking sharply higher after decades near zero. this suggests japan’s old cheap money era is ending.
japanese money now has more reason to stay home instead of flowing into US bonds.
higher japanese yields can reduce foreign demand for u.s. treasuries, adding pressure to US interest rates.
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@jonnie_the_scoundrel
Now the FED will have to buy US bonds directly through american banks instead of using the japanese banks. Nothing really changes.
