Japan's government bond auction "sold out in seconds", interest rates slightly retreated, and the market is certain that there will be a rate hike by the end of the year.The 10-year Japanese government bond auction has successfully concluded, but interest rate hikes and fiscal stimulus are pushing the Japanese bond market towards a new normal of dramatic fluctuations (Background: Rich Dad: Japan's 30-year "spread trading ends" epic bubble is coming, I will teach you ten tips for survival) (Additional background: A Japanese netizen's father passed away, and the "Bitcoin inheritance" is worth 100 million yen, and he needs to pay 62 million yen in taxes?) On Tuesday afternoon in Tokyo, the 10-year Japanese government bonds were successfully traded amid the market's initial concerns about selling pressure, with bid multiples rebounding and tail spreads narrowing, temporarily suppressing the flames of yields soaring to a new 17-year high. However, the real storm is about to arrive: In two weeks, it is almost certain that Bank of Japan Governor Kazuo Ueda will initiate the first interest rate hike since 2007, while Prime Minister Fumio Kishida is simultaneously presenting a 21 trillion yen stimulus plan. The world's third-largest bond market is reassessing prices, and both Wall Street and Silicon Valley are feeling the liquidity gates slowly closing. The auction held firm, and short positions temporarily retreated. This time.
動區BlockTempo·2025-12-02 05:35