#JapanBondMarketSell-Off
#JapanBondMarketSell-Off is a macro signal worth watching closely.
A sharp sell-off pushed 30Y and 40Y JGB yields up more than 25 bps after reports of ending fiscal tightening and increasing government spending.
Japan has been a global anchor for low yields, so sudden moves like this can ripple across global bond markets.
If higher Japanese yields persist, capital flows and risk pricing worldwide could start to adjust.
The big question is spillover:
Does this push global rates higher and pressure risk assets, or is it a short-lived domestic reaction?
Markets often re