Why Japan’s 3.8% bond shock is quietly setting a trap for Bitcoin
Japan’s latest 20-year government bond auction signaled a higher price for long-term borrowing, not a collapse in demand. The average accepted yield rose to 3.856% on Tuesday, 15.8 basis points above the 3.698% average on Aug. 20. Competitive bid coverage improved slightly to about 4.01 times from 3.98 times, while the gap between the highest … Read more