Japan’s two-year government bond yield is nearing 2%, hitting the highest level since 1995.
What does 1995 mean? Many people who look at charts today weren’t even born back then. During this latest upswing, the market has been attributing the move to expectations that the Bank of Japan may continue raising rates. The weak yen has also drawn attention from policymakers both at home and abroad, and the five-year government bond yield has climbed to 2.43%.
It may sound far removed from the crypto world, but it’s actually not far from each person’s position. Once global liquidity tightens, risk assets are often the first to be repriced.
Ordinary people don’t need to understand Japanese government bonds, but you should know this: the price of the coin you hold is never determined by that coin alone.
What does 1995 mean? Many people who look at charts today weren’t even born back then. During this latest upswing, the market has been attributing the move to expectations that the Bank of Japan may continue raising rates. The weak yen has also drawn attention from policymakers both at home and abroad, and the five-year government bond yield has climbed to 2.43%.
It may sound far removed from the crypto world, but it’s actually not far from each person’s position. Once global liquidity tightens, risk assets are often the first to be repriced.
Ordinary people don’t need to understand Japanese government bonds, but you should know this: the price of the coin you hold is never determined by that coin alone.