Japanese Bank's Treasury Tactics Make Wall Street Cry 'Nori-Nori'

Ever wondered what happens when a Japanese banking giant decides to play Treasury hot potato? Just ask Norinchukin Bank, whose recent market moves have traders reaching for both their calculators and anxiety meds.

Sushi Rolls While Treasury Tumbles

The U.S. Treasury market just had its wildest week since 2013, with yields jumping faster than a caffeinated day trader. The 10-year Treasury yield surged to 4.35% - a spectacular 36-basis-point leap that has everyone pointing fingers at our friends from the Land of the Rising Sun. Thanks to the time zone difference, Norinchukin Bank's alleged T...