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Flipping the Yen
Is Japan now finally allowing the bond market to blow out instead of the Yen?
A THREAD 👇🔥
@acrossthespread From June 2023 to now, the ultra long end (Japanese 30 and 40 yr bonds) have blown out from 1.17% and 1.36% to 3.03% and 3.34% respectively, a doubling of the yield in just two years.
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