Japan Just Fired a Warning Shot at U.S. Debt #uspolitics #economics #japan #usdollar #bankofjapan

December 18th delivered seismic capital flow reversals as Japan hiked rates and nations worldwide started dumping U.S. Treasuries. The yen carry trade is unwinding, Japanese bonds are becoming a safe haven, and there’s a mystery: if everyone’s selling our debt, who’s buying at Treasury auctions?

6 Comments

  1. I googled the TIC data after you mentioned it previously. It is astounding that 1) Cayman Islands is our largest foreign debt holder, and 2) no one is screaming about this. Not Powell, not the Dems, not the press.