Japan’s 30-year bond yield has reached its highest point since May 23, surging 30 basis points to 3%. This significant increase is a key indicator of market stress, potentially impacting global yields and rates volatility. The 40-year yield also rose nearly 15 basis points to 3.36%, further emphasizing the growing concerns.
Since Japan normalized monetary policy in 2023, global yields have increased, contributing to this surge. Market worries over fiscal profligacy and Trump’s 25% tariff on Japan may be exacerbating the situation. The Japanese Ministry of Finance’s upcoming 20-year bond auction on Thursday could disappoint, leading to further volatility in the bond market.
Notably, the MOVE index, which measures Treasury note implied volatility, has historically correlated with Bitcoin prices. This correlation suggests that rising yields and rates volatility could negatively impact risk assets like Bitcoin.
Spencer Hakimian
@SpencerHakimian
·
Apr 21 People are not appreciating what a horrendous message the bond market is sending us.Yields are 20 bps higher than November – back when we had +3% real GDP growth.We are having a substantial growth scare, with stocks down -20% from peaks, and yet, bonds have gotten zero bid
Lisa Abramowicz
@lisaabramowicz1
·
May 14 Yields on US 30-year bonds are bumping up against the highest levels this year, at 4.96%. This is notable because it comes after a softer-than-expected CPI print yesterday, and raises the question: which data could spur buying at a time of profound and long-term questions?
Hey
@ethereal_echo14
·
2h Bond yields inching up todayNothing to worry about until the 10Y gets over 5% and the 30Y hits 6%We are far from there atmDon’t let #TreasuryYields doomers scare you#bonds #InterestRates
Barchart
@Barchart
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Apr 11 30-Year Treasury Yield soared as high as 4.99% today, a 58 bps increase from last week, the largest weekly increase in 45 years Probably Fine?
Mike Paulenoff
@MPTrader
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Jul 1 The initial knee-jerk reaction of the bond market to the Senate passage of the Big Beautiful Bill from benchmark 10-year YIELD shows an up-spike in YIELD from a 9-week low at 4.21% to 4.27%. Let’s see if YIELD can continue higher to close above 4.30%, where the upmove will
Kathy Jones
@KathyJones
·
Apr 21 Yield curve steepening accelerates this morning. 2s/10s spread at the highest level since Feb 2022.
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