šØ Japanās $7.6T Bond Market Just Wobbled šØ
šÆšµ 30Y & 40Y JGB yields jumped +25bps in a single day ā a shock Japan rarely sees!
š„ Sparked by a failed 20Y auction + worries over a Ā„5T tax-cut plan.
š Hedge funds fled, insurers offloaded long-term bonds, and last-minute deals collapsed.
š This ripple isnāt just local ā global markets feel it.
ā ļø If the stress spreads to US/EU bonds, equities could plunge.
š When bonds break⦠stocks usually follow.