@chriscryptolifew
Japan's 10-year yield just jumped to 1.88%
The highest level since April 2008
Here's why that's a problem:
When Japan's yields were stuck near zero, they had to buy the US treasuries to get any real return
But now that their own yields are rising, they don't need US treasuries as much
That means they start pulling money out of US bonds and putting it back into their own
When that happens, US yields shoot up, and that's what causes equity markets to spook.
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