The Rhyme: Japan 10Y Hits a 29-Year High & Its 1997 Echo
Japan’s 10-year bond yield hits 2.8%, its highest since 1997, reviving echoes of the Asian financial crisis as global yields rise, the yen weakens, and central banks face tightening constraints. What looks like history rhyming may be the bond market signaling another regime shift across currencies, carry trades, and risk assets.
