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@ JeffG
2025-05-12 06:05:36
The yield is going up, which means the price people are willing to pay is going down (they pay more to incentivize people to buy).
Japan for years has engaged in pretty heavy-duty yield curve control, meaning they're buying their own bonds to keep prices in the "right" places. But, like smoking your product, it never ends well.
I don't know what triggered this latest jump but the curve pointing up for the last 5 years straight says that the bond market is less and less convinced that japan will be able to pay back on their bonds.