The entire world is going bankrupt at the same time
A key shift is happening in the Japanese yield curve. Yesterday, Japan’s 10Y yield hit 3% for the first time since 1996. But the more important signal started in early July: The 2Y yield began rising faster than the 10Y. That flattening tells us the market is increasingly… pic.twitter.com/RhM9Ni7vWf — Macro Liquidity by Sunil Reddy … Read more