Breakout in Japanese 10-Year Bond Yield

Curve Watchers Anonymous has its eye on global interest rates. For example, please consider this chart of 10-Year Japanese bonds.



click on chart for sharper image

Chart courtesy of Steen Jakobsen, chief economist at Saxo Bank in Denmark.

I have been paying close attention to Japanese yields in light of this statement by the Bank of Japan chief: "I do not expect a sudden spike in long-term bond yields."

I commented on the statement on Saturday in Expect a Spike in Long-Term Japanese Interest Rates; Currency Crisis Just Around the Corner.

As a Yen-followup, please consider Will Shinzo Abe Succeed with Constitutional Changes to Militarize Japan and Further Destroy the Yen?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com