🚨 Things are getting out of control; the yield on 20-year Japanese government bonds has reached 2.9%, its highest level since 31 years ago. In addition, yields on Japanese government bonds with maturities of 2 years, 5 years, and 10 years have already hit their highest levels in more than 30 years. In 2008, the U.S. housing market triggered the collapse of the global economy; but this time, the Japanese bond market may be the culprit.
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