Japan’s 10-year bond yields surged to 1.86%, the highest since 2008, threatening to unwind the yen carry trade that funneled trillions into risk assets.
Japanese government bond yields have jumped to their highest level in decades, prompting some analysts to speculate that it could be behind the recent crypto market sell-off on Sunday.
Japan’s 10-year government bond yield hit 1.86% on Monday, its highest level since April 2008, according to MarketWatch.
Yields in the 10-year bonds have almost doubled in Japan over the past 12 months. Japan’s two-year bond yields also hit 1% for the first time since 2008.
