JAPANESE BONDS ARE IMPLODING $SXT

Japanese insurers dumped -$5.2 billion in long-term bonds in December. This is the biggest monthly sell-off since 2004. It’s the 5th straight month of sales. The streak is now at a record high. They’ve sold -$8.7 billion in total. Demand for 20-year JGBs just cratered. The bid-to-cover ratio hit 3.19. This is way below the 12-month average. Japan’s bond market is in freefall. This is a massive liquidity event. Prepare for shockwaves.

Disclaimer: This is not financial advice.

#JGB #Bonds #MarketCrash #Liquidity #Crisis 💥

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