Japanese bonds hit 3.19% as election threatens fiscal sanity
Key Points
- Japanese bonds are rattling as 30-year yields hit 3.19% amid...
Japanese government bonds are throwing a tantrum worthy of a toddler denied candy, with 30-year yields spiking to 3.19% as investors contemplate what might happen if the ruling party loses its grip on power this Sunday. Finance Minister Katsunobu Kato is suddenly sounding like someone who just checked their credit card statement after a Vegas weekend - fully aware that markets are getting jittery about Japan's fiscal health.
When Opposition Parties Discover the Magic Money Tree
The bond market's anxiety stems from a simple fear: what if the Liberal Democratic Party loses its majority and...
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