A Critical Week of Data out of Asia this Week
Market Depth
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The 30-Year JGB Yield Is a Good Gauge for Market Price Action
The 10-year is clearly just, it's not being just only manipulated, but it's price set, right? Explicitly and openly. So it's not a good gauge for anything. Instead of looking at 10-year JGB generic, look at 30-year yields as a sort of directional read on what the collective global investors are looking at with regards to the long end of the JGB curve. The topics banks index has pulled back from its peak after the mid-March collapse and has yet to recover back to those levels.
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