🚨 JAPAN HAS A SERIOUS PROBLEM
Japan’s 2Y and 5Y yields just hit 31-year highs, while the 10Y hit a 30-year high.
At the same time, Q2 GDP grew just 1.1% annualized vs 2.0% expected.
Borrowing costs are surging while the economy is slowing.
Japan’s 2Y and 5Y yields just hit 31-year highs, while the 10Y hit a 30-year high.
At the same time, Q2 GDP grew just 1.1% annualized vs 2.0% expected.
Borrowing costs are surging while the economy is slowing.