​🚨​🚨 the 5% ten-year is showing up in Asia.
US 10-year 5.16. Japan 10-year 3.09.
#Korea 10-year 4.39. Dollar-yen 157.5.
#japan is talking about the yen and JGBs.
korea is watching the bond market and floating a possible KTB buyback.
That is not an easing cycle.
That is two finance ministers telling you the move is too fast.
Governments speak when the market is winning.
The bid for safety is still in Treasuries.
#BTC waits until the curve breaks.