Chart Check: “What Would You Do?”

Chart Check: “What Would You Do?”

I don’t want to set up a chart post with a strawman argument that posits a group of hypothetical investors beset with incredulity about Japan’s sudden penchant for selling US debt, but I’m going to do it anyway.

******

It seems like a lot of folks are confused about why Japanese investors are no longer hungry for America’s debt. If you’re incredulous, have a look at the following chart that shows the timing of last year’s buying and the subsequent trajectory of Treasury yields. Then, after you’ve had a look, ask yourself this: what would you do if you were in that situation and you had to mark your book to market?

Via BofAML

Japan

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.