Courtesy of Mish.
Curve Watchers Anonymous has been watching a major selloff in Japanese bonds. Here are a couple charts to consider.
10-Year Japanese Government Bond Yield
5-Year Japanese Government Bond Yield
Since March 4, the 5-year yield has gone from 0.1% to 0.43%. Although a mere .33 percentage points, the move represents a 330% percent rise in in yield.
One Month Changes
Charts courtesy of Bloomberg
Note: Those charts were snapshots taken last evening. This morning, yields have settled down, for now.
Bank of Japan Vows to Curb Bond Turbulence
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