...the equity markets aren't prepared for a bond market implosion outcome.
...remember last night's post- Japan the catalyst, US the bomb.
...the bond market is teaching the US administration a lesson- it brought down the Liz Truss Govt.
...we all know that DOGE and tariffs are simply pretence of Trump 2.0 to give impression that they're really worried about unsustainability of fiscal deficits and debt when all along they planned to widen it via the Beautiful Tax Bill. Its like your teenage kid going frugal on everything because he has his mind on spending big on a game console.
...Unlike Liz Truss, there is no turning back for Trump on tariffs and tax bill, so this is just getting started.
Another day, another surge in Japanese yields: Japan's 30Y Bond Yield just rose into 3.20%, officially putting it up 100 basis points since its April 7th low. That's a ~45% jump in Japanese yields in 44 days. At this rate, we'll be at 4% in June. https://x.com/KobeissiLetter/status/1925168172350456118
What a move: The 30Y Note Yield just hit 5.09% for the first time since November 2023. Keep in mind, the Fed HIKED rates 4 times in 2023. Prior to then, the last time the 30Y Note Yield was this high was in July 2007. Keep watching the bond market. https://x.com/KobeissiLetter/status/1925271222872326632
