🎯 U.S. Treasury yields are pushing higher, and global liquidity is tightening

📰 Japan’s 10-year government bond yield rose to 3.115%, up 3 basis points in a single day. Long-term yen interest rates keep climbing, pushing global funding costs up another notch

💬 This surge in Japan’s long-end rates is even more out of control than the Fed’s. The carry trade’s free money is gone, and risk assets are being propped up entirely by liquidity—keep a close eye on this

🏷️ #日本国债 #日元 #流动性 #套息交易 #GlobalBondMarkets