Breakout in Japanese 10-Year Bond Yield
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Curve Watchers Anonymous has its eye on global interest rates. For example, please consider this chart of 10-Year Japanese bonds.
Chart courtesy of Steen Jakobsen, chief economist at Saxo Bank in Denmark.
I have been paying close attention to Japanese yields in light of this statement by the Bank of Japan chief: "I do not expect a sudden spike in long-term bond yields."
I commented on the statement on Saturday in Expect a Spike in Long-Term Japanese Interest Rates; Currency Crisis Just Around the Corner.
As a Yen-followup, please consider Will Shinzo Abe Succeed with Constitutional Changes to Militarize Japan and Further Destroy the Yen?
Originally posted at Mish's Global Economic Trend Analysis
(c) Mike "Mish" Shedlock
Investment Advisor Representative