Upside Rates Panic — Japan’s 10Y Is Unhinged

Upside rates panic in a pic

Japanese 10 year surges higher, today again. Momentum is so strong, we are actually trading above the huge trend channel.

Source: LSEG Workspace

 

Recall?

Recall when investors were desperate to lend money at negative rates. That wasn’t all that long ago.

Source: LSEG Workspace

 

Extreme

Japan’s 10-year weekly RSI is above 86, the most overbought since most people reading this were born.

Source: LSEG Workspace

 

Gold loves it

Perfection prevails as gold and the Japanese 10 year move in lockstep.

Source: LSEG Workspace