Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22
The Exchange
00:00
The Bank of Japan's Yields Will Rise - Why?
The Bank of Japan jolting global markets overnight after stepping back from yield control. It will now let the yield on its 10 year bonds trade at a whopping half percent instead of just a quarter percent. Bond yields jumped globally after the move, you can see Japan's stock market lower. And look at our 10 year note up to almost 3.7%. So why did they surprise markets like this and why the strong reaction?
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