🇯🇵 Japan’s 10Y bond yield just hit 3%, the highest level since 1996.
Why should stocks & crypto care? 👀
Higher Japanese yields could make the yen more attractive, while investors may start pulling money out of riskier overseas assets.
That could mean:
📉 More pressure on global stocks 📉 Tech/growth stocks could feel it first 📉 Crypto could face volatility 💴 Yen carry trades could unwind 🌎 Global liquidity could tighten