Postaus

Japan's 10-year JGB yield reopening at 3.075%, its highest since 1996, matters beyond a local bond headline. With US yields already under pressure, a less forgiving yen funding backdrop could tighten conditions for leveraged risk positions. The key transmission is not automatic selling; it is a higher hurdle for carry trades if BOJ tightening and long-end yields persist. #Japan10YYield30YHigh