Japanese Bond Rates Continue to Rise

Subscriber Trading Trackers

The only real thing of note is the Japanese bond market and the continued rise in long bond yields there. This really shouldn’t be a surprise and the BOJ owns more than half the entire bond market there so this is more like a controlled demolition. We believe this is more just a normalization of decades of insane central bank manipulation. This really isn’t a surprise because the U.S. 30Y rate is 5% and with the Federal Reserve slow walking interest rate cuts, well the global rate readjustment has various differing effects on certain sovereign debt. Japan’s day of reckoning and false prosperity driven by the BOJ QE and ZIRP is now effectively over. This is something to keep an eye on, but we would rather think the majority have already made adjustments to account from this rate trajectory. Once the FOMC does start to move Fed Funds lower, well then this should alleviate a lot of this global higher rate pressure we are seeing here:

Trading Economics

As far as the US 10Y we have now moved our pivot line up to 4.38%:

As far as Bitcoin (BTC) and Monero (XMR), these are the two Digital Assets that Magnelibra focuses upon, Bitcoin is the Gold standard reserve, and Monero is the standalone privacy coin, scalable for everyday transactions. Here are the updated charts:

Bitcoin is struggling with the $106k level:

Monero flushed out levered shorts above $350 and continues to trade right there:

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