BREAKING: Japanese 2 year bond yields just hit a new 31-year high of 1.975%.
This means investors are pricing in Bank of Japan rates near 2% over the next couple of years.
That's roughly 75 bps more hikes from the current 1.25% rate.
Japan looks fully focused on ending its era of cheap money.
This means investors are pricing in Bank of Japan rates near 2% over the next couple of years.
That's roughly 75 bps more hikes from the current 1.25% rate.
Japan looks fully focused on ending its era of cheap money.
