Japan’s Bond Surge Shakes Global Carry Trade, Impacting Crypto

Japanese government bond yields have surged to their highest levels in decades, raising concerns about a ripple effect across global markets, particularly the cryptocurrency industry. The yield jump, reaching 1.86% on Monday, marks a significant shift for Japan’s traditionally low-interest rate environment and has potential consequences for the $1.1 trillion in US Treasury securities held by Japanese institutions – the largest foreign holding in the market.