🚨 Japan Bonds Flash Global Risk Signal
• 10Y–40Y yields hit multi-decade highs
• Cheap yen funding — the engine for global risk assets — is stalling
• Capital rotates to gold & silver, markets turn risk-off
💡 Why it matters:
Japan’s debt + demographics shake global bond confidence → liquidity fault line
🔮 Outlook:
BOJ may intervene (buy bonds, cap yields) → metals may peak, risk assets recover
📌 Takeaway: Volatility first, rotation next. Watch BOJ closely.