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Khan
@manzoorkhan
JAPAN’S BOND MARKET IGNITES FEARS OF OUTFLOWS FROM U.S., CARRY TRADE UNWIND AND MARKET TURMOIL Japan’s bond market is igniting fears of capital flight from the U.S. and a carry trade unwind as long-dated yields hover near record highs. Yields resumed their move higher Wednesday as demand for 40-year government bonds reportedly dropped to its weakest level since July last year, according to Reuters’ calculations, hovering near record highs hit last week. Japan’s 40-year government bonds yields hit an all-time high of 3.689% Thursday and were last trading at 3.318% — almost 70 basis points higher so far this year. Yields on 30-year government debt are up more than 60 basis points this year at 2.914%, also not too far from all-time highs, while for 20-year debt they are up over 50 basis points.
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