Japan's 30-year government bond yield has risen sharply in recent months and is now 3%.
That's the same yield level as Germany, but German government debt is 60% versus Japan's 240%. Japanese yields are still way too low given Japan's astronomically high level of government debt. Source: Robin Brooks @robin_j_brooks on X
$TLT just saw a weekly inflow of $1.8 Billion, the highest inflow among all ETFs 🚨
Source: Bloomberg, Barchart
If it is the case, that means the printer is coming
Source: Bloomberg
Gold and JGBs 30y yield...
Wonder why gold was down yesterday? Japanese bond yields tumbled, as according to Reuters, Japan's Ministry of Finance (MOF) will consider tweaking the composition of its bond program for the current fiscal year, which could involve cuts to its super-long bond issuance... This was enough to fuel some profit taking on the yellow metal Source. The Market Ear
When you think bonds are safe...
This is not a sh*tcoin... This is Apple bond maturity 2060. Drawdown from peak to through is Source chart: Lawrence McDonald, Bloomberg
Don't forget... There is more than $7 trillion in money market funds right now.
Fresh dry powder on the side-lines... Source: The Market Ear
It’s time to stop looking at real yields to determine gold price...
Source: Michel A.Arouet
Global yield curves Steepen
Bloomberg TV Chart
