๐จ Japanโs $7.6T Bond Market Just Wobbled ๐จ
๐ฏ๐ต 30Y & 40Y JGB yields jumped +25bps in a single day โ a shock Japan rarely sees!
๐ฅ Sparked by a failed 20Y auction + worries over a ยฅ5T tax-cut plan.
๐ Hedge funds fled, insurers offloaded long-term bonds, and last-minute deals collapsed.
๐ This ripple isnโt just local โ global markets feel it.
โ ๏ธ If the stress spreads to US/EU bonds, equities could plunge.
๐ When bonds breakโฆ stocks usually follow.