bradjpn
4d
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Not necessarily UST selling. There’s the FIMA repo facility so JP gov doesn’t have to sell. The spreads between US and JP bonds have also narrowed significantly, making the carry trade less attractive. And the higher JP yields are inducing yen repatriation and JGB buying. Plus the strong expectations of BOJ rate hike on Sep 18.
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I’ve been muting a lot of users lately, does that mean Nostr is catching on?
gaij boi | running | bitcoin